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Wiley Rein Attorney Authors Chapter in Book on China's Undervalued Currency
International Trade Practice partner Timothy C. Brightbill has authored a chapter of a book titled “The US-Sino Currency Dispute: New Insights from Economics, Politics, and Law,” published by VoxEU. Mr. Brightbill’s chapter, titled “China’s Currency Regime Is Legitimately Challengeable as a Subsidy under ASCM Rules,” was co-authored by John Magnus of TradeWins LLP and addresses the topic of how China’s currency manipulation can be challenged as a countervailable subsidy either under United States law or directly at the World Trade Organization. Many economists and policymakers have concluded that the Chinese government is undervaluing its currency, and the United States and other countries are considering how to best address the situation.