Miami, Fla. – September 18, 2020 - GrayRobinson attorney Peter Quinter, chair of the firm’s U.S. customs and international trade law practice group, located in the Boca Raton law firm, Miami law firm and Fort Lauderdale law firm offices, was featured in the South China Morning Post article "US ruling on China’s alleged yuan undervaluation could stoke further rift in relations." The article discusses how analysts are wondering if the yuan’s exchange rate will be dragged back into the middle of a dispute as economic pressure intensifies on China. The U.S. is due to conclude its preliminary investigation into whether the yuan is being undervalued to give Chinese exporters an advantage.
Quinter said if the U.S. Commerce Department concluded China was intentionally undervaluing the yuan, the U.S. could potentially expand duties on a range of Chinese products. It could also lead to tighter restrictions on some exports to China, Chinese investment in the U.S., and U.S. work visas for Chinese citizens, said Quinter. “The [Office of the United States Trade Representative] describes this as getting tough with China,” Quinter said.