Today’s news confirm the intensifying currency war.
Obama’s recent comments on China:
President Barack Obama vowed to “get much tougher” with China on trade rules, including currency rates, to ensure that U.S. goods do not face a competitive disadvantage.
“One of the challenges that we’ve got to address internationally is currency rates and how they match up to make sure that our goods are not artificially inflated in price and their goods are artificially deflated in price.”
“The approach that we’re taking is to try to get much tougher about enforcement of existing rules, putting constant pressure on China and other countries to open up their markets in reciprocal ways,” Obama told a meeting with Senate Democrats on Wednesday.
Investment Academy | Baroda | 098255 28815