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US-China Trade War Shifts Focus to Currency

Summary:
For the moment, the US trade war with China has shifted focus from stealing US intellectual property back to the value of its currency, with the Trump administration renewing its old charge of manipulation — deliberately devaluing its currency to give its products an advantage in international trade.  Dean Baker has written several recent articles ...

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For the moment, the US trade war with China has shifted focus from stealing US intellectual property back to the value of its currency, with the Trump administration renewing its old charge of manipulation — deliberately devaluing its currency to give its products an advantage in international trade. 

Dean Baker has written several recent articles on US-China trade and why the value of China’s currency matters. This seems like a good time to revisit some important points Baker makes on this topic.

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