NJ5 on 17 June 2009
@Kasz216: I thought EU's protectionism was pretty confined to the agricultural area (where USA also has subsidies now).
The question is not what happens to China, I'm sure they'll do fine enough... the question is the consequence for the dollar if China continues to move away from it (they're doing small but sure steps towards that).
I mean, the only reason why China doesn't dump the dollar is that they want the US economy to be stable so that they can export to the US. With more protectionism from their part, that concern becomes less important.
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