President-elect Donald Trump is wrong when he says China is holding its currency down. According to the U.S. Treasury Department, China is not a currency manipulator. It may have been in years past, but for the past two years or more, economists have observed that China is — if anything — propping its currency UP, not holding it down. In the words of one economist, China is “doing the U.S. a favor.”
Click the above audio player to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.