Quote:
Originally Posted by Minte
From my point of view that is exactly how the economy would repair itself. For years the Chinese government paid their manufacturers 14 cents on every dollar of product they exported. Today, it's still 7 cents. With that kind of incentive to grow jobs, it's not a surprise that China's economy is flourishing at the expense of US jobs.
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We could also formally label China a currency manipulator, and encourage the rest of the world to do the same because China is destroying the world economy right now by undervaluing their currency in order to get an unfair price advantage on wordwide trade, and after all, we're the ones that buy all their cheap shit. Impose import duties on Chinese goods to balance that out. Not to mention the rest of the downright criminal business practices they engage in like intellectual property theft, exporting shoddy goods like toxic drywall, lead painted toys, etc. that they're NEVER sanctioned for. What China is doing right now is economical warfare and should be treated as such