--- title: "Meaning & Key Takeaway of: We are on pace this year to have a trade…" description: "\"We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trad..." image: "https://sms4smile.com/quotes/i/526/xavier-becerra-25040_agreements_we-are-on-pace-this-year-to-have-a-trade_3076747.jpg" --- # We are on pace this year to have a trade deficit that is… ![“We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair.” quote by Xavier Becerra](https://sms4smile.com/quotes/i/526/xavier-becerra-25040_agreements_we-are-on-pace-this-year-to-have-a-trade_3076747.jpg) [Download](https://sms4smile.com/quotes/i/526/xavier-becerra-25040_agreements_we-are-on-pace-this-year-to-have-a-trade_3076747.jpg) [Open image](https://sms4smile.com/quotes/i/526/xavier-becerra-25040_agreements_we-are-on-pace-this-year-to-have-a-trade_3076747.jpg) > “We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair.” [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The U.S. faces an unprecedented $800 billion trade deficit, yet continues to sign unfair trade deals that expose it to harmful competition. **In simple terms:** America has huge trade deficit and signs bad deals, hurting competition. Key Takeaway Demand fairer trade agreements. Themes trade economics national security Mood concerned urgent Type policy economic When to use this quote - legislative reform - business strategy - consumer protection Key Concepts Deficit unfair competition policy failure Questions to Reflect On - What reforms could reduce the deficit? - How to balance free trade with fairness? A Different Perspective Political constraints may limit renegotiation options. ★ ★ ★ ★ ★ No ratings yet [China](https://sms4smile.com/quotes/about/china/) [Competition](https://sms4smile.com/quotes/about/competition/) [Fair](https://sms4smile.com/quotes/about/fair/) [Trade](https://sms4smile.com/quotes/about/trade/) [Trade agreements](https://sms4smile.com/quotes/about/trade-agreements/) ## Related quotes > [“The “spendthrift” Hoover was in California at his Palo Alto home putting his own affairs in order, while the great Economizer who had denounced…](https://sms4smile.com/quotes/john-t-flynn/the-spendthrift-hoover-was-in-california-at-his-palo-alto-home/) [John T. Flynn](https://sms4smile.com/quotes/author/john-t-flynn/) > [That means we get other countries to play by our rules. You add up all the countries that we have trade agreements with, we…](https://sms4smile.com/quotes/paul-ryan/that-means-we-get-other-countries-to-play-by-our-rules-you-add-up-all/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [To open up new markets and create American jobs, we need to make global bilateral free trade agreements a priority as they were under…](https://sms4smile.com/quotes/mark-mckinnon/to-open-up-new-markets-and-create-american-jobs-we-need-to-make/) [Mark McKinnon](https://sms4smile.com/quotes/author/mark-mckinnon/) > [Unfortunately, the United States has entered into several free trade agreements that do not sufficiently protect and support our manufacturing industries and the millions…](https://sms4smile.com/quotes/dan-kildee/unfortunately-the-united-states-has-entered-into-several-free-trade/) Dan Kildee > [China has not lived up to any other trade agreements over the last decade... They don't have any compliance or enforcement.](https://sms4smile.com/quotes/david-bonior/china-has-not-lived-up-to-any-other-trade-agreements-over-the-last-2/) David Bonior > [We want to have trade agreements that give us a level playing field, get other countries to respect the rule of law, intellectual property…](https://sms4smile.com/quotes/paul-ryan/we-want-to-have-trade-agreements-that-give-us-a-level-playing-field/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [Free trade agreements are never for one sector alone.](https://sms4smile.com/quotes/nirmala-sitharaman/free-trade-agreements-are-never-for-one-sector-alone/) [Nirmala Sitharaman](https://sms4smile.com/quotes/author/nirmala-sitharaman/) > [Beneficial in theory, so-called free trade agreements far too often have been detrimental to the United States economy and the manufacturing sector that forms…](https://sms4smile.com/quotes/dan-kildee/beneficial-in-theory-so-called-free-trade-agreements-far-too-often/) Dan Kildee > [The establishment of free trade agreements can be a critical and progressive step towards greater economic integration, and continues to become more valuable in…](https://sms4smile.com/quotes/dan-kildee/the-establishment-of-free-trade-agreements-can-be-a-critical-and/) Dan Kildee > [Engineers in the developed world should be arguing not for protectionism but for trade agreements that seek to establish rules that result in a…](https://sms4smile.com/quotes/brian-behlendorf/engineers-in-the-developed-world-should-be-arguing-not-for/) [Brian Behlendorf](https://sms4smile.com/quotes/author/brian-behlendorf/) > [I hate to say it but I think it has become very obvious that our system for devising trade agreements, so very important to…](https://sms4smile.com/quotes/xavier-becerra/i-hate-to-say-it-but-i-think-it-has-become-very-obvious-that-our/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [The United States is the least protectionist country in the world but has the largest trade deficit, while other countries are highly protectionist and…](https://sms4smile.com/quotes/wilbur-ross/the-united-states-is-the-least-protectionist-country-in-the-world-but/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [As the U.S. trade deficit, and the portion of that deficit attributed to China, continue to grow, our own economy is at risk of…](https://sms4smile.com/quotes/jo-ann-emerson/as-the-u-s-trade-deficit-and-the-portion-of-that-deficit-attributed/) [Jo Ann Emerson](https://sms4smile.com/quotes/author/jo-ann-emerson/) > [That's the kind of thinking that our country needs. When we have a country that's doing so badly, that's being ripped off by every…](https://sms4smile.com/quotes/donald-trump/that-s-the-kind-of-thinking-that-our-country-needs-when-we-have-a/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [The more competitive value of the dollar turned around the trade deficit.](https://sms4smile.com/quotes/martin-feldstein/the-more-competitive-value-of-the-dollar-turned-around-the-trade/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) ## More by Xavier Becerra > [Gotta have safety at our borders. We're a sovereign nation, gotta protect our borders. Make sure the workplace doesn't become a magnet for folks…](https://sms4smile.com/quotes/xavier-becerra/gotta-have-safety-at-our-borders-we-re-a-sovereign-nation-gotta/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [According to the National Institute on Drug Abuse, the first use of alcohol typically begins at age 12.](https://sms4smile.com/quotes/xavier-becerra/according-to-the-national-institute-on-drug-abuse-the-first-use-of/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [The good news is that parents are the leading influence on kids decision not to drink alcohol.](https://sms4smile.com/quotes/xavier-becerra/the-good-news-is-that-parents-are-the-leading-influence-on-kids/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [Winning the peace is harder than winning the war.](https://sms4smile.com/quotes/xavier-becerra/winning-the-peace-is-harder-than-winning-the-war/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [As a regent, I hope to bring that important perspective of a typical family visitor in combination with my background as a Member of…](https://sms4smile.com/quotes/xavier-becerra/as-a-regent-i-hope-to-bring-that-important-perspective-of-a-typical/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [Before we put an American in harm's way, tell us why. No one wants to see the region descend into further chaos. There's a…](https://sms4smile.com/quotes/xavier-becerra/before-we-put-an-american-in-harm-s-way-tell-us-why-no-one-wants-to/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [Twenty million more have Chronic Kidney Disease, where patients experience a gradual deterioration of kidney function, the end result of which is kidney failure.](https://sms4smile.com/quotes/xavier-becerra/twenty-million-more-have-chronic-kidney-disease-where-patients/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [It is critical that parents and other trusted adults initiate conversations with kids about underage drinking well in advance of the first time they…](https://sms4smile.com/quotes/xavier-becerra/it-is-critical-that-parents-and-other-trusted-adults-initiate/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [Today, we have a trade regime which has led to the largest trade deficits this country has ever experienced.](https://sms4smile.com/quotes/xavier-becerra/today-we-have-a-trade-regime-which-has-led-to-the-largest-trade/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [As of 2002, two million Latino adults had been diagnosed with diabetes.](https://sms4smile.com/quotes/xavier-becerra/as-of-2002-two-million-latino-adults-had-been-diagnosed-with-diabetes/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [I hate to say it but I think it has become very obvious that our system for devising trade agreements, so very important to…](https://sms4smile.com/quotes/xavier-becerra/i-hate-to-say-it-but-i-think-it-has-become-very-obvious-that-our/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [But 18 years after the passage of the Civil Liberties Act, there still remains unfinished work to completely rectify and close this regrettable chapter…](https://sms4smile.com/quotes/xavier-becerra/but-18-years-after-the-passage-of-the-civil-liberties-act-there-still/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [According to the American Heart Association, the prevalence of hypertension in African Americans in the United States is among the highest in the world.](https://sms4smile.com/quotes/xavier-becerra/according-to-the-american-heart-association-the-prevalence-of/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [The Smithsonian museums are among this country's most endearing treasures and I look forward to helping maintain and enhance their coveted works of art.](https://sms4smile.com/quotes/xavier-becerra/the-smithsonian-museums-are-among-this-country-s-most-endearing/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) > [But 18 years after the passage of the Civil Liberties Act, there still remains unfinished work to completely rectify and close this regrettable chapter…](https://sms4smile.com/quotes/xavier-becerra/but-18-years-after-the-passage-of-the-civil-liberties-act-there-still-2/) [Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/) [Explore all 23 Xavier Becerra quotes ](https://sms4smile.com/quotes/author/xavier-becerra/) ## More Agreements quotes > [Agreements. Specifically, a treaty ratified by all the orders of whimsical like forms who dwell here that affords a measure of security for mortal…](https://sms4smile.com/quotes/brandon-mull/agreements-specifically-a-treaty-ratified-by-all-the-orders-of/) [Brandon Mull](https://sms4smile.com/quotes/author/brandon-mull/) > [The most powerful men were those who most effectively used the power of adult competence to enforce childish agreements.](https://sms4smile.com/quotes/george-w-s-trow/the-most-powerful-men-were-those-who-most-effectively-used-the-power/) [George W. S. Trow](https://sms4smile.com/quotes/author/george-w-s-trow/) > [Your life works to the degree you keep your agreements.](https://sms4smile.com/quotes/werner-erhard/your-life-works-to-the-degree-you-keep-your-agreements/) [Werner Erhard](https://sms4smile.com/quotes/author/werner-erhard/) > [“Nondisclosure agreements and exclusivity agreements. Think like a corporation, lady. They've proven much better at enslaving the masses and pushing home their agenda than…](https://sms4smile.com/quotes/joseph-lallo/nondisclosure-agreements-and-exclusivity-agreements-think-like-a/) [Joseph Lallo](https://sms4smile.com/quotes/author/joseph-lallo/) > [Engineers in the developed world should be arguing not for protectionism but for trade agreements that seek to establish rules that result in a…](https://sms4smile.com/quotes/brian-behlendorf/engineers-in-the-developed-world-should-be-arguing-not-for/) [Brian Behlendorf](https://sms4smile.com/quotes/author/brian-behlendorf/) > [Our thinking behind these agreements is that we want all jobs in General Motors to be good jobs.](https://sms4smile.com/quotes/charles-e-wilson/our-thinking-behind-these-agreements-is-that-we-want-all-jobs-in/) [Charles E. Wilson](https://sms4smile.com/quotes/author/charles-e-wilson/) > [The establishment of free trade agreements can be a critical and progressive step towards greater economic integration, and continues to become more valuable in…](https://sms4smile.com/quotes/dan-kildee/the-establishment-of-free-trade-agreements-can-be-a-critical-and/) Dan Kildee > [There is still work to be done, but that remains a crucial lesson, you cannot bring peace and security to people just by signing…](https://sms4smile.com/quotes/hillary-clinton/there-is-still-work-to-be-done-but-that-remains-a-crucial-lesson-you/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [Beneficial in theory, so-called free trade agreements far too often have been detrimental to the United States economy and the manufacturing sector that forms…](https://sms4smile.com/quotes/dan-kildee/beneficial-in-theory-so-called-free-trade-agreements-far-too-often/) Dan Kildee > [Countries with higher levels of gender equality have higher economic growth. Companies with more women on their boards have higher returns. Peace agreements that…](https://sms4smile.com/quotes/ban-ki-moon/countries-with-higher-levels-of-gender-equality-have-higher-economic/) [Ban Ki-moon](https://sms4smile.com/quotes/author/ban-ki-moon/) > [The economy is governed through cartel agreements and monopoly. The attorney general is the one who's controlling funds. There is no free business in…](https://sms4smile.com/quotes/bidzina-ivanishvili/the-economy-is-governed-through-cartel-agreements-and-monopoly-the/) [Bidzina Ivanishvili](https://sms4smile.com/quotes/author/bidzina-ivanishvili/) > [Make fair agreements and stick to them](https://sms4smile.com/quotes/confucius/make-fair-agreements-and-stick-to-them/) [Confucius](https://sms4smile.com/quotes/author/confucius/) > [Our recent 5-year labour agreements, in Canada as well as the United States, are based upon experience, logic and principle rather than on pressure,…](https://sms4smile.com/quotes/charles-e-wilson/our-recent-5-year-labour-agreements-in-canada-as-well-as-the-united/) [Charles E. Wilson](https://sms4smile.com/quotes/author/charles-e-wilson/) > [A peace deal requires agreements, and you don't make agreements with your friends, you make agreements with your enemies.](https://sms4smile.com/quotes/richard-holbrooke/a-peace-deal-requires-agreements-and-you-don-t-make-agreements-with/) [Richard Holbrooke](https://sms4smile.com/quotes/author/richard-holbrooke/) > [“It is very painful to argue with an incredibly ignorant person. Not because they are stupid, but because the stupid are unbelievably arrogant and…](https://sms4smile.com/quotes/robin-sacredfire/it-is-very-painful-to-argue-with-an-incredibly-ignorant-person-not/) [Robin Sacredfire](https://sms4smile.com/quotes/author/robin-sacredfire/) Browse all 56 Agreements quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "We are on pace this year to have a trade deficit that is larger than $800 billion. 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