White House trade advisor Peter Navarro said China plans to devalue its currency — and if it does, the U.S. will respond forcefully.
Earlier this week, China allowed its currency to drop against the dollar to a key level unseen since 2008. The Trump administration later labeled Beijing a “currency manipulator. ” Navarro said China was taking actions to deal with the effects of tariffs.
Donald J. Boudreaux is an economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University. He joined Dan and Amy with reaction to the debate over tariffs and trade with China: