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U.S. Presses China for Stable Yuan as Trade Talks Progress, Sources Say

  • FX pledge sought as part of deal for Trump and Xi to consider
  • Talks resume this week in Washington ahead of March 1 deadline
Bloomberg business news
The U.S. is reportedly asking China to keep the value of the yuan stable. Bloomberg’s Shawn Donnan reports.Markets: Balance of Power." (Source: Bloomberg)
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The U.S. is asking China to keep the value of the yuan stable as part of trade negotiations between the world’s two largest economies, a move aimed at neutralizing any effort by Beijing to devalue its currency to counter American tariffs, people familiar with the ongoing talks said.