WASHINGTON — After a conciliatory tone struck by President Obama, U.S. senators are pressing the administration to take a more aggressive stance on currency reform in China.
Obama’s meeting in Beijing this month with Chinese President Hu Jintao produced no new agreements and led to a fresh round of criticism in Congress. In addition, the Treasury Department has failed to cite China as a currency manipulator in two semiannual reports this year, although Obama pledged during the campaign to crack down on China’s currency.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)