Applying data from the World Bank, which calculates what national currencies should be worth in U.S. dollars to have comparable purchasing power, the yuan, won and yen currently appear to be at least 50, 25 and 15 percent undervalued, respectively. And those exchange rate practices compel other Asian trading nations to follow similar policies, lest they be shut out of markets by unfairly priced Chinese, Korean and Japanese goods—for example, India’s rupee is only about one-fourth its fair market value.
That undervaluation is actually raping/stealing from the Chinese, Koreans and Japanese. What America is getting is imports at 50%, 25%, and 15% discounts while exporting inflationary pressures to those countries. It’s a good deal and trade without duress is always beneficial.
Blocking trade hurts people and diminishes wealth.
Great example and worth the minute:
https://www.youtube.com/watch?v=8PL9yH-7vec