Bessent Urged by US Senators to Push China on Undervalued Yuan

A bipartisan duo of senators has called on Treasury Secretary Scott Bessent to step up cooperation with the Group of Seven to pressure China into addressing what they called a...

By Daniel Flatley, Chris Anstey · Bloomberg Markets

A bipartisan duo of senators has called on Treasury Secretary Scott Bessent to step up cooperation with the Group of Seven to pressure China into addressing what they called a deliberate suppression of its exchange rate for commercial advantage.