The government has the authority to adjust the tariffs in an emergency situation, but no determination has been made yet.
More Quotes from Tony Fratto:
We need our nominees in place here. Some of the most important issues facing the government today are coming through the Treasury Department.Tony Fratto
No one wants to see these kinds of international tensions over these issues.
Tony Fratto
The deal to provide 100 percent debt cancellation is in jeopardy,
Tony Fratto
It's really the week this must be done because the Congress will be out of session at the end of this week.
Tony Fratto
China has made a reform to its exchange rate mechanism that was an important step. We still want to see greater currency flexibility in the region.
Tony Fratto
It is intended to try to deal with moderating rapid growth using a market instrument, so from that perspective it's positive.
Tony Fratto
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