US Treasury delays China currency report

Madeleine Morris
BBC News, Washington
3 April 2010

The US Treasury is delaying by several months a report on whether China manipulates its currency, the yuan.

Treasury Secretary Tim Geithner said he would delay the report, which was due out on 15 April, until after a series of high-level international meetings.

The decision may improve US relations with China but could upset some American lawmakers.

It is no secret that the US believes China keeps the yuan artificially low, harming the US economy.

But saying that in an official report is a different matter.

It would set off a chain of events that could eventually result in unilateral US sanctions against Chinese products and could damage relations between the two countries.

The article continues at BBC News.

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