Detailed text transcripts for TV channel - MSNBC - 20120328:20:32:00
A big element in international trade is the value of currencies. and you know, we spend years and hours and endless negotiations reducing tariffs by 5 or 10 or 15%. currency movements can be 20, 30% in a day. they can wipe out tariff negotiations overnight. the management of your currency to produce an indirect subsidy export is not at all covered in the know nebraska goeshations. the premises that all of the countries negotiating to not manage their currencies to subsidize their export. that is simply not the case. rs. >> jonathan, you want it take this in the golf or paddle tennis? >> i was ...
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