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Economy

Is China a “Currency Manipulator”?

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This article was originally published by YaleGlobal Online on 13 August 2019.

Trade is complex: US tariffs targeting China could weaken the renminbi, allowing Chinese exporters to maintain profit levels and keep US import costs the same

At 5 am on August 5, the US president sent a message on Twitter accusing China of being a “currency manipulator,” describing this as a “major violation.” US Treasury Secretary Steven Mnuchin followed with an official announcement later that day.