WASHINGTON, April 21 - A multilateral framework like the Trans - Pacific Partnership pact works better in
fixing trade imbalances than a bilateral deal, IMF Deputy Managing Director Mitsuhiro Furusawa said in an endorsement of Japan's calls for Washington to rejoin TPP.
The president made
fixing the trade imbalance with China a centerpiece of his presidential campaign, where he frequently used incendiary language to describe how Beijing would «rape» the U.S. economically.
Not exact matches
Without
fixing the saving problem, the Chinese share of America's multilateral
trade imbalance would simply be redistributed to other countries — most likely to higher - cost producers.
Wisely, neither made it a U.S. policy aim to «
fix» the
trade imbalance.
If we don't
fix the rules of origin, negotiations on the rest of the agreement will fail to meaningfully shift the
trade imbalance.