James Traficant: “the trade deficit is at $10 billion a week, $40 billion a month, a…”

On the recordFebruary 7, 2001

the trade deficit is at $10 billion a week, $40 billion a month, a half trillion dollars a year. Unbelievable. Japan continues to take $60 billion out of our economy a year, and China is now taking over $100 billion a year out of America, and both Japan and China continue to keep American products out. Now, if that is not enough to neuter your dragon, China has missiles pointed at us. Beam me up. A Nation that buys more than they sell will go bankrupt, and a Nation that allows illegal trade destroys all American industry. I yield back the bankruptcy of America's steel industry. Day after day the filings continue to mount up.

Said by

James Traficant

Ohio

Source

govinfo.gov

Editor's note · Context

Discussing the impact of trade deficits and illegal trade on the American economy.

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James Traficant: “the trade deficit is at $10 billion a week, $40 billion a month, a half trillion dollars a year. Unbelievable. Japan…”

Editor's note · Context