Escalated Nonsense

Is Snow crazy? – at Moneyweek.co.uk - the best of the week's international financial media.

On May 17, the U.S. Treasury Department issued yet another strong warning to China over its currency. A CNN/Money article on May 17 reports:

'China could be deemed a manipulative trade partner' if it doesn't revaluate the yuan soon. Current Chinese policies are highly distortionary and pose a risk to China's economy, its trading partners and global economic growth,' [the Treasury Department report] said. It's our view that the time has come' for China to have more flexible exchange rates, U.S. Treasury Secretary John Snow said Tuesday.'

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.