Title

Appreciate This: Chinese Currency Rise Will Have a Negligible Effect on the Trade Deficit

Daniel Ikenson

Appreciate This: Chinese Currency Rise Will Have a Negligible Effect on the Trade Deficit

This report argues that the Obama administration and Congress should consider whether RMB appreciation would even lead to the outcomes they desire—namely, more balanced trade. The evidence does not support their objective. Although the short-term political benefits may be all that matter to some...
Topics: 
Economy
Keywords: 
Currency, Renminbi, Trade