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WASHINGTON (AP): Pressure on China to allow its currency to rise in value against the dollar intensified Wednesday with a prominent economist telling Congress that the Obama administration should cite China and four other Asian economies as currency manipulators in a report due in April.
TOKYO (Reuters) - U.S. politics look to be playing a role in Washington's harsh response to safety problems battering Toyota's reputation, but no one expects a replay of the bitter trade wars that frayed ties and jolted currencies decades ago.
BEIJING (Reuters) - China faces mounting pressure from trade disputes with the United States but there is no prospect of an all-out trade war between them, a Chinese official said in remarks reported on Tuesday.