This article also appeared in the Business Standard.
Back in 1971, the then US Treasury Secretary, John Connolly, told his European counterparts that the dollar was “our currency, but your problem”. Today, it seems that China has returned that favour. Its currency has become a problem for the US....
This post also appeared on the Huffington Post.
I write about trade so I feel that I should say something about the trade ministers’ meeting that concluded yesterday in Geneva. But what is there to say, especially if I want to follow my mother’s advice about not saying anything if I can’t say som...