Washington Gets Tough on China over Yuan’s Value

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yuan.jpgThe House Ways and Means Committee today opened the way for retaliation against China over its undervalued currency, the key to a massive trade imbalance that critics say costs the US billions of dollars and millions of jobs.  Greg Ip, author of The Little Book of Economics: How the Economy Works in the Real World, is US Economics editor for the Economist magazine.




Warren Olney