Paulson takes warning on trade to Asia
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With lawmakers nipping at his heels over U.S. trade deficits, Treasury Secretary Henry Paulson will try to persuade key Asian nations during a visit this week that they must act quickly to help tamp down protectionist pressures.
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While in Frankfurt, Germany yesterday, US Federal Reserve (Fed) Chairman Alan Greenspan warned that the US foreign trade deficit could negatively effect the country&#39;s economy.
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US Federal Reserve chief Alan Greenspan has warned that the deficit in US trade with the rest of the world cannot be sustained indefinitely.
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For the sake of the global economy, China needs to accelerate the pace of currency reform and overhaul its economy to be less dependent on exports, Treasury Secretary Henry Paulson said Wednesday.
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U.S. Treasury Secretary Henry Paulson urged China on Thursday to work toward a freely floating currency, only to be told that America fails to understand how Beijing is making headway on economic reform.
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U.S. Treasury Secretary Henry M. Paulson Jr. said that China needed to quicken the pace of its economic reforms.
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Treasury Secretary Henry M. Paulson Jr. said a trade conference with China had deepened the trust and openness between the countries.
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Pressure is mounting on Treasury Secretary Henry M. Paulson Jr. to produce results or face protectionist measures in Congress next year.
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Treasury Secretary Henry Paulson will urge the Chinese to adopt economic reforms, including a more flexible currency
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There is likely to be strong U.S. pressure on much of Asia next year, not just China, to allow a major depreciation of the dollar.
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MANILA An unstable US dollar, the continued increase in oil prices, and a downturn in China&#39;s economy could slow down East Asian economies in 2005, the Asian Development Bank warned on Monday.
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Treasury Secretary Henry Paulson said on Friday that recent financial market volatility does not necessarily reflect strong fundamentals in the U.S. economy, nor those of the developing Chinese economy.
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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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Henry M. Paulson Jr. said today that economic choices by Chinese leaders were imperiling their nationÂs future.
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Swollen trade deficits eventually could threaten the economy by souring foreign appetites to invest in the United States, Federal Reserve Chairman Alan Greenspan warned Friday.
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Beijing this weekend urged Washington, DC, not to limit imports of Chinese cotton slacks. The Ministry of Commerce said such a restriction would violate World Trade Organization principles and hurt trade relations.
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Treasury Secretary Henry Paulson urged China to undertake a broad range of economic reforms and said the country's failure to overhaul its currency system could raise the threat of a protectionist backlash.