A man walks past a money exchange shop in Hong Kong on August 6. US President Donald Trump had held back from making good on his threat to name China a currency manipulator, probably in the hope that it would give Beijing an incentive to reach a trade agreement with the US. Such an agreement has proved elusive. Photo: AP
Frank S. Hong
Opinion

Opinion

Macroscope by Frank S. Hong

Trump finally labels China a currency manipulator. It may be too little, too late

  • The next step – negotiation – is unlikely to facilitate a resolution to the year-long trade spat. And when the talks do fail, none of the steps the US is mandated to take will put any meaningful pressure on Beijing

TOP PICKS

A man walks past a money exchange shop in Hong Kong on August 6. US President Donald Trump had held back from making good on his threat to name China a currency manipulator, probably in the hope that it would give Beijing an incentive to reach a trade agreement with the US. Such an agreement has proved elusive. Photo: AP
READ FULL ARTICLE