We've seen this movie before. What Treasury is saying is pretty much of a rerun of what it said back in May.
This is not what we wanted, and we have serious concerns.
The Chinese need to move soon.
You've got to offset the losses. If we don't get the market access we need, we're going to turn to our Congress and say that we can't support this agreement.
I am hopeful. I think the stars are aligned on this. The Chinese have stuck their little toe in the water, and it didn't freeze off. I think the time is right for them to take the next step.
The global economic recovery best served by having currencies reflect fundamentals.
The Chinese need to move soon. The important thing is not what was said but who said it.
Japan's exports to us are only three percent of its gross domestic product (GDP), ... Their total exposure to trade is about half that of ours, in terms of percentage.
What we want the government to do is to make it plain that currency values should reflect economic fundamentals, and governments shouldn't interfere with that.
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