Explain how fixed and crawling peg exchange rates can be used to manipulate trade balances in the
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Explain how fixed and crawling peg exchange rates can be used to manipulate trade balances in the short run, but not the long run.
China’s designation as a currency manipulator has been officially removed by the Trump administration.
As part of a new trade deal, China and the United States agree they will not devalue their currencies to achieve trade advantages.
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