Last week, the U.S. Congress passed a bill that authorized the Obama administration to raise tariffs against Chinese goods in response to China's alleged manipulation of its currency, purportedly to gain an unfair trade advantage. According to this article , while the Obama administration "has not taken a position on the bill ... [t]he vote 'shows lawmakers have serious … [Read more...] about Fighting for Jobs in a Globalized World
Recently, a rising chorus can be heard in the U.S. accusing China of "manipulating" the value of the RMB. In a recent op-ed, Krugman characterized Chinese policy as an "anti-stimulus" to the rest of the world. In an editorial op-ed, the NY Times staff accused China of playing a "beggar-thy-neighbor competitive devaluation" that is "threatening economies around the world ... … [Read more...] about The U.S. China Dispute over Renminbi: Who is Right?