© Reuters. THE US WILL CONSIDER IF THE PRICE OF THE YUAN HAS BEEN MANIPULATED
SAO PAULO (Reuters) – The United States are attentive to the recent decline of the chinese currency and will examine whether its course has been handled, announced on Friday the us Treasury secretary, Steven Mnuchin.
This review will come in the framework of the semi-annual report of the u.s. Treasury, on currency manipulation, due on October 15, he said, during an interview with Reuters in Sao Paulo, Brazil.
Asked if he feared that China uses its currency as a weapon in the battle for sales with the United States, Mnuchin said: “I’m not saying that it is or is not a weapon. There is no doubt that the decline of the currency creates an unfair advantage for them (…) We are going to examine very carefully whether they have manipulated the currency.”
Donald Trump had previously accused China and the european Union to conduct such manipulations to deprive the United States of their “important competitive advantage”.
(David Lawder , Jean-Philippe Lefief for the French service)