17 Quotes by Fred Bergsten

The point is -- ad we know this from history -- that if currencies remain way out of line, trade protectionism follows.

China is the 800-pound gorilla overshadowing all of the U.S. economic relations.

Hence China's currency policy has taken virtually all of Asia out of the international adjustment process.

I think it's a matter of a few years.

It is clear that the G-7 will come in with further intervention. They have made a commitment now and they must follow through.

We get the strong sense that the degree of frustration with China is accelerating very sharply and is not likely to be assuaged by a few orders that likely would have been placed anyway.

Traditionally, when the European integration process gets hit by a blow like this, they regroup and usually use it as a spur for progress.

So what we're showing in our numbers (is that the) bilateral deficit with China should really be interpreted as a U.S. deficit with all of Asia, not as a bilateral problem with China to be singled out.

It's a big mistake not to label China if the U.S. law has any meaning. They are still intervening massively to keep their currency from rising. I don't see how you can not define that as manipulation.