In a recently published article, the Wall Street Journal authors William Mauldin and Josh Zumbrun said that the U.S. – China trade deal could include penalties for China if it manipulates yuan’s value in order to ramp up its exports.
“As part of a prospective deal on trade, the U.S. and China have agreed to measures that American officials say will deter Beijing from currency manipulation by requiring greater disclosure of economic actions, according to current and former officials familiar with the negotiations,” the article read.
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