Dr. Peter Morici: US trade deficit, China’s currency require US action now
Apr 13th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The US Commerce Department reported the February deficit on international trade in goods and services increased to $39.7 billion from $37.0 billion in January. President Hu Jintao has told President Obama that China will not revalue its currency in response to US requests.