Leave it to the French to point out the obvious. First they said that they wouldn't back the Iraq war. Now they are openly criticizing the U.S. for their massive and unsustainable trade deficit with Asian countries. Might we see the return of "Freedom Fries" again in the U.S.?
NEW YORK, April 24 (Reuters) - France's Finance Minister Thierry Breton on Monday said that the difference between the large U.S. trade deficit and Asian surpluses is becoming worrisome.
Breton, in New York for a conference on global imbalances, had just attended meetings of the Group of Seven rich nations and the International Monetary Fund in Washington, in which tackling the imbalances was a major theme.
"The difference in the gap we have between mainly Asia and the U.S. is starting to be scary for some of us," Breton said.
