The Senate's China Misstep

Coercing Beijing to revalue its currency is no way to rescue American jobs

Illustration by Harry Campbell for TIME

I wish there were a class called China 101 that every member of Congress had to attend. This would be the first lesson: If you really want the Chinese to do something, never pressure them about it in public. Loss of face is anathema in the Middle Kingdom. Which is why when the U.S. Senate passed a bill hinting at tariffs on Chinese goods if Beijing doesn't let the value of its currency rise, the People's Bank of China promptly and defiantly responded by pushing the value of the renminbi lower.

It's ironic, because Beijing had been doing just the opposite...

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