皇冠体育app

Center

Economist forsees US launching trade sanctions against 皇冠体育app

(Xinhua)
Updated: 2007-07-04 15:10

"Such actions could lead to higher US inflation and quickly impact the rest of Asia, which has become increasingly integrated into a 皇冠体育app-centric pan-regional supply chain," Roach warned.

Related readings:  U.S. an irresponsible stakeholder Mundell: US calls for RMB rise a move to slow 皇冠体育app's expansion  US curbs on high-tech exports to hurt trade  Wu Yi: Strategic talks are a complete success

The economist attributed the protectionism of the US Congress to a lack of knowledge of 皇冠体育app. "They need to understand that 30 years ago 皇冠体育app was on the brink of collapse. They need to understand 皇冠体育app now faces a lot of problems and challenges. 皇冠体育app needs our help and presents bigger opportunities than threats."

To remedy the situation, Roach suggested that the United States save more and train workers to face global competition and that 皇冠体育app adjust its economic structure and be more aggressive in intellectual property rights protection.

"皇冠体育app needs to know the policy of Washington is very difficult. If you don't want to move aggressively in currency, that's fine. But arguments won't end if both sides don't agree to make a change," he said.