An attendant cleans the carpet next to U.S. and Chinese national flags before a news conference for the 6th round of U.S.-China Strategic and Economic Dialogue at the Great Hall of the People in Beijing, July 10, 2014. REUTERS/Jason Lee/File Photo
The Trump administration's proposal to tackle what it perceives to be China's currency manipulation signals the beginning of a series of trade disputes between Washington and Beijing, Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics, told Radio Sputnik.
The White House is developing a plan to discourage China from undervaluing the yuan, the Wall Street Journal reported on Monday.
According to the plan, US Secretary of Commerce Wilbur Ross would designate the practice of currency manipulation as an unfair subsidy when employed by any country. In this way, the US aims to avoid a direct confrontation with China.
The plan is a somewhat softer implementation of Donald Trump's pre-election rhetoric, in which he attacked China for perceived currency manipulation.
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Update: U.S. Mulls Fresh Tactic to Prod China on Yuan, WSJ Says (Bloomberg)
WNU Editor: U.S. businesses in China are pushing for change .... U.S. business in China warms to possible Trump trade policy shake-up (Reuters).
