Paulson warns trade sanctions could backfire
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Treasury Secretary Henry Paulson on Friday tried to wave off U.S. lawmakers' bid to tighten the screws on China over its currency policy by warning that it could make it harder to settle turbulent markets.
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The U.S. economy will be penalized by the current crisis in credit markets but the overall outlook was still benign, U.S. Treasury Secretary Henry Paulson said in a newspaper interview published on Thursday.
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Two leading U.S. Senate critics of  China's currency policy pressed on Thursday for action on a  bill that would threaten steep tariffs, in a show of  frustration days before Treasury Secretary Henry Paulson is to  make his first official visit to China.
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Treasury Secretary Henry M. Paulson Jr. yesterday criticized the nation's "ever-expanding rulebook" and its burdensome legal system for constraining the economy but rejected wholesale revisions to a corporate accountability law under attack from business groups.
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Investment funds controlled by foreign governments could trigger a protectionist backlash, a report warns.
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The Canadian government said on Tuesday that it was considering trade sanctions on a range of imports from the United States to retaliate for Washington&#39;s refusal to abandon an anti-dumping law.
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The European Union and its  allies got the go-ahead on Tuesday to impose some &#36;150 million in sanctions on U.S. goods in a dispute that could stir trade tensions ahead of the U.S. elections.
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U.S. Treasury Secretary Henry Paulson   on Monday played down hopes for "quick fixes" in the drive to   persuade China to let its currency rise, damping market   speculation about swifter Asian currency appreciation.
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China faces a backlash of &quot;impatience and anger&quot; if Beijing fails to take action to balance its increasingly lopsided trade relations with the European Union, EU trade chief Peter Mandelson warned Tuesday.
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The United States needs greater foreign  exchange flexibility from China, U.S. Treasury Secretary Henry  Paulson said on Tuesday as the dollar continued its slide  against most major currencies.
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WASHINGTON -- The Bush administration will review the regulations governing US financial markets to make sure they don't harm the country's ability to compete in the global economy, Treasury Secretary Henry Paulson said yesterday.
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U S Treasury Secretary Henry Paulson confronted mixed signals as he arrived in China yesterday for trade talks, with Beijing disclosing a renewed crackdown on pirated goods but also running up a record trade surplus with the United States.
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The Treasury secretary said that turmoil in the worldâs financial markets could continue for some time, but he cautioned against hasty introduction of new regulations.
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U.S. Treasury Secretary Henry Paulson urged China on Tuesday to let its currency rise faster in value and warned that rising protectionism threatened U.S.-China relations.
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The U.S. economy will be penalized by  the current crisis in credit markets but the overall outlook  was still benign, U.S. Treasury Secretary Henry Paulson said in  a newspaper interview published on Thursday.
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Treasury Secretary Henry Paulson said Tuesday that the recalls of tainted Chinese products were causing fear among U.S. consumers.
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The Bush administration said it  would work with Congress to avoid U.S. exports being hit with  potentially hundreds of millions of dollars in new sanctions  approved on Tuesday by the World Trade Organization.