The U.S. and China are nearing the finish line of a trade dispute that has hurt the world’s two largest economies. WSJ takes a look at what the trade pact could look like and whether the two sides can overcome their biggest hurdles. Photo composite: Crystal Tai/The Wall Street Journal
WASHINGTON—As part of a prospective deal on trade, the U.S. and China have agreed to measures that American officials say will deter Beijing from currency manipulation by requiring greater disclosure of economic actions, according to current and former officials familiar with the negotiations.
The deal could also include penalties for China if it manipulates its currency to increase exports, which is in violation of international guidelines, these people say.