China isn't the economic manipulator in this trade war. Trump is, Jefferey Sachs says

The latest round of tariffs on $300 billion of Chinese goods imposed by Trump last week has seriously rattled world markets. The Chinese currency has now depreciated against the dollar, sending stock markets into a tailspin. Trump immediately blamed China for "currency manipulation," and our craven Treasury Secretary Steven Mnuchin then violated the Treasury's own guidelines by formally designating China as a currency manipulator in order to keep in step with his intemperate boss. 

The only economic manipulation here is Trump's. His tariffs have caused gratuitous and serious damage to the US economy, the world economy and the global trading system.

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