The Chinese would be smart to move. It would head off trade angst in this country and head off potentially damaging legislation.
More Quotes from 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
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
Since imports start from a much larger base, we need more sharply positive export growth rates to stabilize or reduce the deficit.
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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