True, there are times when particular countries’ currencies can be judged to be undervalued or overvalued, and there are times when their trading partners have a legitimate interest in raising the issue. But even when currency misalignment is relatively clear, trade agreements are not the right way to address it.
诚然，有时个别国家的货币可认为是低估或高估的，有时它们的贸易伙伴提出这一问题符合其合法利益。但哪怕货币错配情况相对明显，贸易协定也不是解决这个问题的好方法。更合适的汇率问题解决之道包括国际货币基金组织（IMF）、G-20、G-7和双边谈判。