U.S. Mulls Fresh Tactic to Prod China on Yuan, WSJ Says
- White House seeks to avoid confrontation with Beijing: paper
- Wall Street Journal cites people formulating the policy
Here's How China Got Its Yuan in a Sweet Spot
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President Donald Trump’s administration is considering a new tactic to discourage China from undervaluing its currency that falls short of a direct confrontation, the Wall Street Journal reported, citing people with knowledge of the policy.
Under the plan, the commerce secretary would designate the practice of currency manipulation as an unfair subsidy when employed by any country, instead of singling out China, the newspaper reported. American companies could then bring anti-subsidy actions to the U.S. Commerce Department against China or other countries, it said.