The US Treasury Department in its latest exchange rate report did not cite China as a currency manipulator, but said that the renminbi (RMB) remains “significantly undervalued.” In its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies, Treasury said that China’s “real effective exchange rate appreciated by more than 10 percent in the past six months, the fastest pace since 2009.” However, Treasury noted that this appreciation does not go far enough, and that...
Week in Review: Negotiations Ongoing, Congress Doubles Down on Human Rights, and ICT Supply Chain Security December 6, 2019
Week in Review: A Deal is on Shaky Ground, Pushback on Huawei Licenses, and China Remains a Focal Point in Congress November 22, 2019
Week in Review: No Breakthroughs This Week, USTR Grants More Exclusions, and Huawei Licenses may be Extended November 15, 2019
Week in Review: Reported Agreement on Tariffs, but Signing Date Still Up in the Air, TSP Act, and a new CFIUS Investigation November 8, 2019