Editorial: Yuan-Bashing Won’t Help Reduce U.S. Trade Deficit
Global trade and financial analysts are watching closely to see whether China will be labeled as a currency manipulator in the Semiannual Report on International Economic and Exchange Rate Policies, which is scheduled to be released by the U.S. Treasury Department on April 15.
Currency issues have rattled China-U.S. ties in recent months. U.S. President Donald Trump repeatedly slammed China’s currency policy during his presidential campaign. In late March, he again called China the “grand champion” of currency devaluation in an interview with the Financial Times. After Trump and Chinese President Xi Jinping wrapped up their first face-to-face meeting last week in Florida, the world is waiting with bated breath to see whether the two leaders have reached some consensus on currency issues.
The Editor-in-Chief of Caixin Media.
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