All Sound and No Fury? Will The Trump Administration Get Tough on Currency in April? | Council on Foreign Relations


President Trump came into office talking a big game on “currency.” China was going to be named a manipulator on day one (never mind that it was selling dollars to prop up its currency at the time). American allies would no longer get a free pass to take advantage of America economically—an argument that, at least in principle, should have put on notice those countries using government policy to keep their exchange rate undervalued to support their exports.

Yet Trump hasn’t actually been a big innovator on currency policy. The big changes have come elsewhere (a “shopping list” trade policy toward China for example).

Source: All Sound and No Fury? Will The Trump Administration Get Tough on Currency in April? | Council on Foreign Relations

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