Thursday, April 1, 2010

Roubini Sees Trade War If U.S. Calls China Currency Manipulator

Nouriel Roubini on China Vs USA Bloomberg
By Jana Randow and Rishaad Salamat
March 26 (Bloomberg) -- Nouriel Roubini, the New York University economist who predicted the financial crisis, said U.S. lawmakers may spark a trade war by labeling China as a “currency manipulator.”
“With unemployment at 10 percent and more than 130 Congress people saying we should brand China as a manipulator, the probability the U.S. is going to do that in its mid-April report is significant, I would say at least 50 percent,” Roubini told Bloomberg Television today in Cernobbio, Italy. “That could lead to a trade war, absolutely.”
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