It's a big mistake not to label China if the U.S. law has any meaning. They are still intervening massively to keep their currency from rising. I don't see how you can not define that as manipulation.

C. Fred Bergsten

Big China Intervening Label Law Meaning Mistake Not

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We get the strong sense that the degree of frustration with China is accelerating very sharply and is not likely to be assuaged by a few orders that likely would have been placed anyway.

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The failure of China to permit its currency to move, as most other countries in the world are doing, leads to a major protectionist trade reaction here in the United States.

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It is clear that the G-7 will come in with further intervention. They have made a commitment now and they must follow through.

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