15.05.2015 - Senate passes bill targeting currency manipulators
The Senate took aim Thursday at what supporters call “egregious and prevalent” currency ma­nipu­la­tion by foreign countries. But economists say such ma­nipu­la­tion is no longer prevalent and that the longtime poster child of currency ma­nipu­la­tion — China — has gradually stopped doing it. Nonetheless, most Senate Democrats and Republicans supported a bill that would punish countries — particularly China — that they say manipulate their currencies to make their exports cheaper and gain unfair trade advantages. The measure would force the Commerce Department to investigate allegations of ma­nipu­la­tion and determine offsetting import duties.........................................Full Article: Source
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