Headline here: WSJ: "US said to eye new currency strategy to pressure China"
More detail now:
- Commerce secretary would designate the practice of currency manipulation as an unfair subsidy when employed by any country
- Instead of singling out China, said people briefed on or involved in formulating the policy
- U.S. companies would then be in a position to bring antisubsidy actions themselves to the U.S. Commerce Department against China or other countries
More:
- measures taken against China would also apply to other nations
- The administration would avoid, at least for now, making confrontational claims about whether China is manipulating its currency for trade benefit, the people said.
