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Currency Disputes

57 posts

Specificity in DOC Currency Undervaluation Findings

A couple weeks ago, Jesse Kreier wrote about the Commerce Department's decision to treat currency undervaluation as a countervailable subsidy in a case against tires from Viet Nam. As he explained it, one aspect of the Commerce Department's reasoning was related to the specificity of the

Financial University Organizes Conference on Russia and the WTO

On 19-20 May 2015, the Financial University of the Russian Federation held its first international conference on the topic of "WTO Law in the Legal System of the Russian Federation: Problems of Application and Teaching." To my knowledge, this was the first international legal conference held to address

Brazil's Exchange Rate Proposal

From Brazil's recent submission (Word doc) to the WTO on "THE RELATIONSHIP BETWEEN EXCHANGE RATES AND INTERNATIONALTRADE" The bearing of wide currency fluctuations on the delicate balance of commitments and concessions resulting from negotiations at the WTO must be better understood and be properly dealt with.

Is China's Currency Policy Protectionist At All?

The Economist isn't so sure: A beefed-up version of the Big Mac index suggests that the Chinese yuan is now close to its fair value against the dollar. More from Scott Lincicome here.

Is China the Biggest Protectionist in History?

From Fred Bergsten: But China and some other emerging markets, especially in its immediate neighborhood, are also violating some of the most fundamental rules of the international economic system, to the great detriment of the United States and many other countries. A cardinal goal of the International Monetary Fund, which

The Irrationality of the WTO Export Duty Regime: Availability of GATT Article XX and Beyond

The Panel decision in China-Raw Materials reveals an utterly irrational aspect of the system: the ad hoc rules on export duties imposed on a handful of acceding members are effectively the most "sacred" rules of the WTO, in that they are permanent, not amendable, and not entitled to

Currency Undervaluation at the CIT

Here's more on China currency issues, from Mark Drajem of Bloomberg: Aluminum-product makers filed a lawsuit to force the U.S. Commerce Department to levy tariffs on Chinese imports, countering the effect of a currency the companies deem to be undervalued. In a case at the Court of

The GOP Candidates on China's Currency

Here are a few quotes from some of the GOP Presidential candidates about the Chinese currency issue and trade with China generally. Romney and Pawlenty seem to be the China hawks, with Huntsman more dovish (in particular, see the last part of the Huntsman quote below). Mitt Romney: VAN SUSTEREN:

The Chinese Currency Issue and Congress

So the G-20 couldn't deal with the Chinese currency issue. Does that mean Congress will take some action? From The Hill: Sen. Lindsey Graham (R-S.C.) predicted Sunday that Congress would pick up Chinese currency manipulation after President Obama was rebuffed on the issue at the G-20 summit.

The Conservative View of the Chinese Currency Issue

Well, one conservative view, anyway. There is no doubt a wide variation in views. But here's National Review deputy managing editor Kevin Williamson (taking a view that seems similar to economist Don Boudreaux's): It is undeniable that Beijing plays games with China’s currency in order