FastSaying
The point is -- ad we know this from history -- that if currencies remain way out of line, trade protectionism follows.
C. Fred Bergsten
History
Trade
Related Quotes
The history of U.S. trade policy amply demonstrates that dollar overvaluation and the huge and growing trade deficits that it spawns are by far the most accurate predictors of U.S. protectionism.
— Fred Bergsten
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The failure to get progress on the economic issues may undermine the overall relationship and then make it harder to work together on the security concerns.
— C. Fred Bergsten
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It's a big mistake not to label China if the U.S. law has any meaning. They are still intervening massively to keep their currency from rising. I don't see how you can not define that as manipulation.
— C. Fred Bergsten
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It is clear that the G-7 will come in with further intervention. They have made a commitment now and they must follow through.
— C. Fred Bergsten
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The failure of China to permit its currency to move, as most other countries in the world are doing, leads to a major protectionist trade reaction here in the United States.
— C. Fred Bergsten
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