Political Quotes

Patrick Moynihan: “So states the balance of payments, sir. They come in under our tariffs, which are already nonexistent. We can't get in…”

On the recordSeptember 8, 2000
So states the balance of payments, sir. They come in under our tariffs, which are already nonexistent. We can't get in under theirs. Under this agreement, they have agreed to bring them down to a reasonably low level and to wipe them out in some cases where they have decided they need American technology and business. They are not doing us any favors.
Said by
Patrick Moynihan
Illinois

Editor's note · Context

Discussing trade agreements and tariffs during a floor speech.

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