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>Mnuchin had warned in June that China could be designated a currency manipulator if it stopped intervening to prop up its currency. https://www.bloomberg.com/
by peterwei87 7y ago
>Mnuchin had warned in June that China could be designated a currency manipulator if it stopped intervening to prop up its currency.
https://www.bloomberg.com/amp/news/articles/2019-08-05/u-s-treasury-department-labels-china-a-currency-manipulator https://www.bloomberg.com/amp/news/articles/2019-08-05/u-s-t...
- 9nGQluzmnq3M 7y agoThat statement bears repeating with italics for emphasis: "China could be designated a currency manipulator if it stopped intervening to prop up its currency." In other words, if China stops manipulating its currency to tilt the table in favor of the US, the US will designate China a manipulator to reflect the fact that they are no longer manipulating it!