Is the United States Playing Games With Money?

No one doubts there will be lots of sparring over the value of China’s yuan at this week’s G20 conference, where a score of prominent and developing countries are meeting in Seoul. The gathering of the world’s leaders is supposed to find a fix to the trade imbalance between countries that make things (think China and South Korea) and those that mainly buy goods, like America. The U.S. says the key to creating a more level playing field is for China, the world’s second-largest exporter, to stop manipulating the value of its currency. Some members of Congress, like New York’s Sen. Charles Schumer, are even talking about hitting China with tariffs if it doesn’t let the yuan rise.
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