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US Treasury Department labels China a currency manipulator

August 5, 2019 admin China, currency, Latest News Stories, US, us treasury department, World, World News, yuan

Credit to Author: ggaviola| Date: Mon, 05 Aug 2019 22:45:40 +0000

WASHINGTON – The U.S. Treasury Department labeled China a currency manipulator Monday after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world’s two biggest economies.

The post US Treasury Department labels China a currency manipulator appeared first on Inquirer News.

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China’s currency becomes key issue in US trade talks

March 2, 2019 admin Beijing, China, currency, dispute, Latest News Stories, renminbi, Trade, US, World, yuan

Credit to Author: jespinosa| Date: Sun, 03 Mar 2019 03:55:12 +0000

An employee packages 100-yuan notes at a bank in Nantong in China's eastern Jiangsu province on July 23, 2018. - China on July 23 rejected accusations by US President Donald Trump that it was manipulating the yuan to give its exporters an edge, saying Washington appeared "bent on provoking a trade war". (Photo by - / AFP) / China OUT

US officials have said any trade deal with China will include a provision to prevent manipulation of the exchange rate to help exporters but Beijing’s currency regime reflects a complex reality.

The post China’s currency becomes key issue in US trade talks appeared first on Inquirer News.