News Item: “U.S. trade decision avoids clash over China’s currency” (IGIR Brown Bag Lunch 5 October 2010)
(From The Washington Post, September 1, 2010, available at: http://www.washingtonpost.com/wpdyn/content/article/2010/08/31/AR2010083106226.html It is indeed a difficult position for U.S. government in this situation to response appropriate measures against the China’s currency policy. If the Yuan is undervalued against the dollar, there are likely to be both benefits and costs to the U.S. economy. In one hand, it…
