BLOOMBERG Bloomberg Daybreak Australia July 14, 2024
I. M. F. To eliminate unfair competitive advantage thats been created by chinas action. This is according to Treasury Department statement. Remember, the last time that the Treasury Department had a policy report on the Foreign Exchanges, it was back in may and they stopped short of labeling china a currency manipulater. They havent done that since 1994. And the fact remains that there is a 2015 trade facilitation and trade enforcement act and china really does not tick all of the three different criteria. We are talking about minimum 20 billion trade surplus with the u. S. China does tick. Bu...