May 10, 2006 – When the U.S. Treasury Department releases their semi-annual review of foreign exchange policies Wednesday afternoon, the Bush administration is once again expected to stop short of branding China a currency manipulator.
Despite costing the U.S. tons of manufacturing jobs and sending our trade deficit to astronomical levels by undervaluing their currency by as much as 40 percent, the Bush Administration has yet to take the hard stance and call China a currency manipulator in their semiannual report to Congress.
Read the entire Bloomberg article.
