Since imports start from a much larger base, we need more sharply positive export growth rates to stabilize or reduce the deficit.
More Quotes from Frank Vargo:
He (Snow) has been very reasonable in his approach to China, but time is running out on this issue.Frank Vargo
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.
Frank Vargo
We are sending a letter right now that will arrive on Monday to request a meeting. We'll probably have meetings with them next week to explain the damage being done to the U.S. economy.
Frank Vargo
As helpful as these individual steps are, they need to be followed by systemic changes that will put our trade relationship on a more fair basis.
Frank Vargo
This really sounds like a missed opportunity. We were really hoping that significant progress would be made so that both governments would begin to work together to address this very large trade imbalance.
Frank Vargo
I think a very important thing happened. There was agreement that we shouldn't be negotiating only on agriculture.
Frank Vargo
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