Currency Enforcement Clauses Have No Place in the Global Trading System

Protectionist U.S. Congressmen are proposing a series of amendments that would enforce currency disciplines for China-U.S. cross-border trading. Rather than protecting import-sensitive sectors with that would penalize developing country producers, Congress and global policymakers would be better off updating the fraying architecture of the international monetary system.

Sourabh Gupta Senior Research Associate, Samuels Int'l Associates via CHINA US Focus http://ift.tt/1GeHSu5