Perspective
Sep. 23, 2010
Why a Yuan Revaluation Will Hurt the U.S.
Congress' approach to the yuan-dollar exchange rate situation misses the point and will only hurt U.S. consumers, by James Wong of the Chinney Alliance Group.
People are emoting over the right thing, but for the wrong reasons. The yuan-dollar exchange rate is causing problems, but not the ones envisioned by Congress.
Treasury Secretary Timothy Geithner testified before Congress on Sept. 15 at a hearing on the Ryan-Murphy Bill that would impose punitive tariffs on imported Chinese goods if the yuan does not appreciate in value. Geithner tried to take the middle road. The United State...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In