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.
More Quotes from 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
It's really outrageous that China's been in the WTO for five years and they still have not identified their subsidies to the WTO.
Frank Vargo
I think a very important thing happened. There was agreement that we shouldn't be negotiating only on agriculture.
Frank Vargo
So many of the consumer electronics we buy from China are simply assembled there from parts made in other Asian countries. In yuan terms, that would make the parts they buy cheaper. So it wouldn't have much effect.
Frank Vargo
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.
Frank Vargo
Everything is on pause waiting for these meetings. If nothing comes out of them, that can fan the flames of those in Congress who want to take matters into their own hands.
Frank Vargo
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