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USTR’s IP report stirs more tariff possibilities

Erin Ennis, a senior vice president at the US-China Business Council, agreed it was highly unlikely the report would label China a currency manipulator, even if its current actions technically meet some of the US government’s criteria. “China has been intervening to prop its currency up against the dollar, rather than hold the value down. While technically that might trigger the ‘persistent one-sided intervention’ criterion, it would be a surprise if the US were to call China out for that,” Ennis said.