The U.S. Senate will bring a vote to the floor that seeks to punish China for currency manipulation. American economists have argued that China keeps the value of the yuan artificially below value. The Chinese Foreign Ministry characterizes the legislation is protectionist, and has said passage of the bill could lead to a trade war.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!