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Whom will Trump blast next over their currencies?
By Lananh Nguyen
Thursday, February 2, 2017
With all the Trump administration's jawboning about countries devaluing their currencies to gain an unfair trade advantage, financial markets are left wondering: Who's next?
Canada, Mexico, and even South Korea are potential candidates for exchange-rate criticism, according to William Cline, a senior fellow at the Peterson Institute for International Economics in Washington. That's because those nations are some of the U.S.'s biggest trading partners, and in the case of South Korea, its currency is also 6 percent undervalued, according to a PIIE study.
"Who else would be on the list -- in the first instance, the larger countries that matter more to our trade," Cline said Wednesday. "I don't think most economists would agree that they're cheating, but that's the conclusion that these kinds of attacks would imply." ...
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