Under Secretary of Commerce for International Trade Christopher Padilla says China has replaced Japan as the “bogeyman of the 21st century,” adding that the United States’s reluctance to participate in free trade with Asia is comparable to an Olympic sprinter calling for a timeout as the race starts. (0:54)
The Secretary of State Condoleezza Rice discussed the United States’ policy towards Asia at the Heritage Foundation. Rice talked about the rise of Asia and how it is reshaping the world today. She explained that the United States is actually in a stronger position in Asia now than at any other time in the past. (more…)
Subcommittee on Asia, the Pacific and the global environment hearing Chairman Eni F. H. Faleomavaega (D-Amer. Samoa) asks if Japan could become a nuclear power. Alexander A. Arvizu, deputy assistant Secretary of State, says that Japan feels secure in its alliance with the U.S. (0:51)
Together the U.S. and Japan generate more than a third of global economic output. Alexander A. Arvizu, deputy assistant Secretary of State discussed U.S.-Japan relations before the House Foreign Affairs Committee. Chairman Eni F. H. Faleomavaega (D-Amer. Samoa) commended Japan on the strong support it has given the U.S. in the war on Iraq. (more…)
Speaking to Scholars at the Woodrow Wilson International Center Tuesday, Ambassador Schwab discusses misconceptions and solutions to the United States’ trade imbalance. Reminding her listeners that 80% of the recent deficit increase can be attributed to rising oil costs, she highlights policies aimed at increasing exports.
