Cheat Quote by Peter Navarro
“China are running trade deficits with the rest of the world. If you look at the U.S. trade deficit, it's close to $800 billion trade in goods. Half of that is with China, so it's a big part of the problem. And the problem with China, as opposed to, say, Canada, is that China cheats.”
About This Quote
Source Speech: Economic Commentary, 2023
China's trade surplus with the US is a major driver of the US deficit, and alleged unfair practices exacerbate the issue.
In simple terms: China's trade imbalance hurts the US and may involve cheating.
Key Takeaway
Address unfair trade practices.
Themes
economics
trade
geopolitics
policy
Mood
analytical
concerned
Type
policy
economic
When to use this quote
- policy analysis
- business strategy
- investment decisions
Key Concepts
comparative advantage
trade imbalance
fairness
Questions to Reflect On
- How can the US reduce reliance on Chinese imports?
- What reforms could ensure fair competition?
A Different Perspective
Trade data can be complex; other factors also affect deficits.
![“We're going to fix [trade deals].You know, last year [2015] we lost almost $800 billion in trade deficits. We have trade deficit with other nations of almost $800 billion.” quote by Donald Trump](https://sms4smile.com/quotes/img-quotes/c67/donald-trump-18_billions_we-re-going-to-fix-trade-deals-you-know_799548.jpg)
