U.S. labeling China currency manipulator could backfire, experts say
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the U.S. Treasury’s
the deVere Group
Trump
Peterson Institute for International
Business Council
the International Monetary Fund
I.M.F.
Treasury Department’s
Harris Financial
Trump administration’s
Xi.”This
NBC News
NBC UNIVERSAL
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manipulator’
Nigel Green
Steven Mnuchin
Nicholas Lardy
Craig Allen
Jamie Cox
Cox said.“The
Martha C. White
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Chinese
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China
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Beijing
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the G20 Summit —
Summary
Experts in international trade and monetary policy are skeptical of the U.S. Treasury’s claim that China is manipulating its currency, and say the accusation only adds fuel to the simmering trade dispute that has weighed on global growth and equity markets.“President Trump’s labelling of China as a ‘currency manipulator’ is likely to inflame and intensify already fraught relations between the two world’s largest economies,” said Nigel Green, founder and CEO of the deVere Group.On Monday, the Chinese yuan, also called the renminbi, crossed the symbolically significant exchange rate of seven to the U.S. dollar.
As said here by Martha C. White