"We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair"

This quote by Xavier Becerra is describing the current state of the US trade deficit. The United States is on track to have a trade deficit bigger than $800 billion, which is a record high. This is worrying since it suggests that the US is importing more items than it is exporting, resulting in an economic imbalance. Becerra is likewise pointing out that the United States is entering into trade agreements that leave it susceptible to competition from nations that do not have the very same standards of fair trade. This could lead to further economic instability and a widening of the trade deficit. Becerra is warning that the United States needs to be more mindful when participating in trade contracts in order to safeguard its economy.