[Congressional Record Volume 163, Number 7 (Wednesday, January 11, 2017)]
[House]
[Page H314]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1215
                       TRADE IS A TWO-WAY STREET

  (Mr. DUNCAN of Tennessee asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. DUNCAN of Tennessee. Mr. Speaker, some people have expressed 
concern that President-elect Trump will start a trade war if he gets 
tough on trade. But what they are not admitting, or perhaps it has 
never occurred to them, is that we have been in a trade war for many 
years, and we have been losing.
  China has followed a China-first policy for years to their great 
benefit, while we have sent millions of good jobs to other countries 
and several million of our young people now can find jobs only in 
restaurants.
  With only 4 percent of the world's population, we buy 21.7 percent of 
the world's goods. We used to buy about 25 percent, but we have more 
competition around the world now as most countries are trying to move 
away from socialism while we seemingly move toward it. But we still 
have tremendous leverage on trade that we have not used because every 
country wants desperately into our markets.
  We need to negotiate trade deals that will create more jobs in this 
country. We need, Mr. Speaker, to tell foreign leaders that we want to 
buy things from them, but they need to start buying from us, too. 
Friendship is a two-way street.

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