The Chinese can peg their currency to whatever they want to. Trump should mind his business and this is NOT sarcasm. I am a known free trader.
It says here you’re a pimp.
“I am a known free trader.”
All fine and dandy, but the other countries are using a stacked deck. Trump wants to even the playing field.
Sure Trump can persuade the Chinese on trade including telling them do like the rest of the free world by putting their currency to be floated on the currency market.
Free traitor is a more accurate term.
There is no such thing as “free trade”. To imply otherwise is bull. Our trading “partners” put up huge barriers to American products. China especially.
By artificially pegging the yuan to the dollar, China ensures that their goods are cheaper, fueling their economy while draining ours.
Evidently this scheme works well to line your pocket s, but it is parasitical to the rest of us. Admitting you’re a free traitor in here is like giving us you DU username.
Did you read it?
“Again, special interests and crony capitalism have weakened the resolve of the Obama administration in confronting China over its currency ploys. Economists estimate that the yuan is undervalued anywhere from 15% to 40%. Through manipulation of the yuan, the Chinese government has been able to tip the trade balance in their direction by imposing a de facto tariff on all imported goods. Imagine the impact these practices have had on our weakened manufacturing base, our agriculture industry and every small business unable to compete internationally.”
What if the US and China both pegged their currencies to gold? We’d have what we have now, an effectively fixed rate between the two currencies. Who would be the currency manipulator then?
But hey, as long as you make a buck, and feel safe, right?
What are you, and your free trader buddies going to do when the chicoms decide that they don't need you as a middleman anymore?
For that matter, what is EVERY US company going to do when the chicoms decide that they don't need the US middleman anymore, and that ALL of those factories that US companies paid for are now property of the PRC?
You sold your soul to the godless communists. When they take everything away from you, you will have no recourse, and no sympathy from the millions of Americans that you have betrayed.
How impressive...can you maybe explain why that's not everybody's business? (which, by definition, would include Trump)