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

 

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.


Comments

There are not yet any comments on this quote. Why not register / login and be the first?




This quote is just one of 17 total C. Fred Bergsten quotes in our collection. C. Fred Bergsten is known for saying '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.' as well as some of the following quotes.

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

We get the strong sense that the degree of frustration with China is accelerating very sharply and is not likely to be assuaged by a few orders that likely would have been placed anyway.

C. Fred Bergsten

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.

C. Fred Bergsten

In a matter of years, not decades, the euro will move up alongside the dollar in a bipolar global monetary framework.

C. Fred Bergsten

Hence China's currency policy has taken virtually all of Asia out of the international adjustment process.

C. Fred Bergsten