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.
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
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
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
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.
Frank Vargo
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