Bessent Urged by US Senators to Push China on Undervalued Yuan (opens original article in a new tab)

US senators urged Treasury Secretary Bessent to work with G7 to pressure China over its undervalued yuan policy

• A bipartisan group of US senators urged Treasury Secretary Scott Bessent to increase cooperation with the G7 to pressure China over its exchange rate policy
• The senators claimed China deliberately suppresses its currency for commercial advantage
• The senators called for action to address the undervaluation of the yuan