Currency War with China: 1934 and 2019

Posted on August 11, 2019 9:49 pm
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URL https://www.activistpost.com/2019/08/currency-war-with-china-1934-and-2019.html 

By Steve H. Hanke

In a purely political move, the Trump administration (read: the U.S. Treasury) has branded China as a currency manipulator. This is an act of war. After President Trump announced that even more tariffs would be imposed on China, the markets took the value of the Chinese yuan down a notch or two. So, who was “manipulating” the yuan, Beijing or Washington? Well, it looks like Washington is engaging in yet another Asian currency war.

As it turns out, the United States has a long history of waging currency wars in Asia. We all know the sad

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