The yuan belongs in a U.S.-China trade pact, says cbeddor:
U.S. officials, including Treasury Secretary Steven Mnuchin, have warned Beijing against devaluing the yuan in order to gain a competitive edge, Reuters reported on Feb. 21. The Chinese currency weakened nearly 6 percent against the dollar in 2018, softening the impact of U.S. tariffs.
U.S. Trade Representative Robert Lighthizer said on Feb. 27 that the United States is looking to prevent China from competitively devaluing the yuan as part of trade talks between the two nations. Bloomberg reported on Feb. 18 that the United States is looking to secure a pledge from China to that effect. Mnuchin told Reuters in October 2018 that yuan issues will be part of trade discussions between the United States and China.
U.S. President Donald Trump said on Feb. 24 that he would delay hiking U.S. tariffs on Chinese imports due to “productive” trade talks.
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