Reagan Could Run Circles Around Trump on Trade

Q: Yes, the fact that we have become a debtor nation for the first time since 1914.

Reagan: Are we? I think this false impression that's being given that a trade imbalance means debtor nation. This isn't our government that is expending more than it is for imports than it is getting back in exports. These are the people of our country and the businesses and the corporations and the individual entrepreneurs.