BBC News - US Senate passes bill to pressure China on yuan
So UK next?
Doesn't China hold a lot of USA debt that may be underwritten with assets, so could come back at them with a nice sucker punch by calling in the debt?
The US Senate has voted through a bill which aims to punish China for keeping its currency artificially undervalued.
Some lawmakers argue that the value of the Chinese yuan gives goods from the country an unfair advantage and costs American jobs.
The bill is designed to put pressure on countries the US says are keeping their currencies deliberately undervalued.
Some lawmakers argue that the value of the Chinese yuan gives goods from the country an unfair advantage and costs American jobs.
The bill is designed to put pressure on countries the US says are keeping their currencies deliberately undervalued.
So UK next?
Doesn't China hold a lot of USA debt that may be underwritten with assets, so could come back at them with a nice sucker punch by calling in the debt?
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