Editor’s note: CPA’s idea of managing capital flows as probably the only way to achieve a trade balance is gaining traction from new sources. The author is sloppy and incorrect in his tariff analysis. The US needs to use tariffs and manage the dollar, not just one or the other. They are different tools for…
Editors note: The Chinese way. Concealing actions and intentions. “China ‘has not used and will not use the exchange rate as a tool to deal with trade disputes,’ the PBOC said in a statement on its website.” BEIJING/SHANGHAI (Reuters) – China’s central bank said on Tuesday that Washington’s decision to label Beijing as a currency manipulator…
Currency designation will initiate consultations on trade barriers Washington. The Coalition for a Prosperous America (CPA) today strongly praised the Trump administration for formally designating China as a “currency manipulator.” US manufacturers have long complained about Beijing’s currency manipulation, which has made Chinese exports artificially cheap in the US market. This is the first time…
Editors note: China’s “unreliable entity” list punishes HSBC for helping catch Huawei’s CFO. Oddly there are still some that say that Huawei is not an arm of the Chinese government. China’s unreliable entity list is being drawn up, and any firm that violates laws and rules in the Chinese market would be investigated and dealt…
