The U.S. Treasury Department Announced Monday that China is No Longer on a List of Countries Deemed to be "Currency Manipulator"...
Yes, China Is a #Currency Manipulator – And the U.S. Banking System Is a Metals Manipulator https://t.co/q8SkS09R0T
— Money Metals Exchange LLC (@MoneyMetals) January 14, 2020
Yes, China Is a Currency Manipulator – And the U.S. Banking System Is a Metals Manipulator
Nobody actually believes China has stopped manipulating the value of its yuan versus the U.S. dollar.
But the Trump administration is apparently willing to accept a certain degree of currency rigging in exchange for other concessions on trade.
It’s not as if the U.S. government has a stellar record when it comes to heeding principles of free and fair currency markets. It (through the Exchange Stabilization Fund and other vehicles) is constantly trying to manage the value of the dollar versus the currencies of trading partners, too.
