Currency Disputes

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

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.

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.

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

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

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.

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