22 Quotes by Frank Vargo

We're not asking for special favors. We just want the same thing that we give our Chinese partner -- a flexible currency, market access and intellectual property rights protection.

We've seen this movie before. What Treasury is saying is pretty much of a rerun of what it said back in May.

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.

Since imports start from a much larger base, we need more sharply positive export growth rates to stabilize or reduce the deficit.

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.

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.

I think a very important thing happened. There was agreement that we shouldn't be negotiating only on agriculture.

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.

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.