Bessent Urged by US Senators to Push China on Undervalued Yuan

AI Summary

US senators have urged Treasury Secretary Scott Bessent to collaborate with the Group of Seven nations to pressure China into addressing concerns over its undervalued yuan, which is seen as a deliberate measure to gain commercial advantage. The move highlights ongoing tensions in US-China trade relations.

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.