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Nancy Pelosi: “The trade deficit was $5 billion a year [when we had this…”

Featuring: Nancy Pelosi, Democratic | Speaker Emerita, U.S. House California, District 11

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Principals Live with Speaker Emerita Nancy Pelosi

Published | Video Starts at 29:04

And they have taken advantage. When we had this fight originally, well, it's in the book, but when we had this fight originally, The trade deficit was $5 billion a year [when we had this fight originally]. And I thought, Justin, that $5 billion a year, we could get the prisoners free from Tiananmen Square, stop the privacy of our intellectual property, gain market access, and stop the proliferation of weapons of mass destruction to rogue countries. (29:04–29:13)

CLAIM

Asserts that the trade deficit with China was $5 billion a year initially.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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