(Bloomberg) -- U.S. Treasury Secretary Henry Paulson
said legislation to force China to raise the value of its
currency is the ``wrong approach'' and risks provoking a
protectionist reaction from other countries.
Paulson and other administration officials said measures
proposed by the Senate Finance and Banking Committees could
jeopardize U.S. exports by starting a trade war, won't help
persuade China to open its economy and risk undermining ``market
confidence'' in the U.S.
Read more at Bloomberg Currencies News
said legislation to force China to raise the value of its
currency is the ``wrong approach'' and risks provoking a
protectionist reaction from other countries.
Paulson and other administration officials said measures
proposed by the Senate Finance and Banking Committees could
jeopardize U.S. exports by starting a trade war, won't help
persuade China to open its economy and risk undermining ``market
confidence'' in the U.S.
Read more at Bloomberg Currencies News
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