Ronald Reagan actually said...

We learned that lesson half a century ago when we tried to balance the trade deficit by erecting a tariff wall around the United States.

We must make certain that all mankind benefits from a healthy and robust international trading system, one that is both free and fair.

The answer to our trade balance problem is not to close our markets, cut imports, or collapse trade.

Our position is clear: The playing field should be level, the ground rules should be set, and all players should stick to the rules.