It is going to put a lot of pressure on the US to get China to move further on yuan flexibility and to the extent that they don't, that's going to raise protectionist rhetoric in Congress.
It is going to put a lot of pressure on the US to get China to move further on yuan flexibility and to the extent that they don't, that's going to raise protectionist rhetoric in Congress.
But what's more interesting is the U.S.-China deficit, especially with what's going on in Beijing just now. It's going to put a lot of pressure on the U.S. to get China to move (further on yuan flexibility), and to the extent that they don't, that's going to raise protectionist rhetoric in Congress, which I think is ultimately dollar-negative.
© 2020 Inspirational Stories
© 2020 Inspirational Stories