Then again... as an article I read points out.
Us Exports have dropped to 947 billion from 1.2 trillion so...
So that first 20% will just be catchup...
I wonder if this will mean the opposite of what we're thinking. He's going to try and fight protectionism and have American products fight on their own merit.
Seems like a bad Idea though considering we'd compete most with the EU and Canada for our "level" of goods, and the EU is even more protectionist then the US and has no reason to not be.
Apparently to experts he'd have to do these things.
"The trouble, trade experts say, is that meeting that goal would require the president to engage in a fight to the death with the liberal wing of his own party, persuade China to allow its currency to appreciate 40 percent, get global economic growth to outperform the salad days from 2003 to 2007, and lower taxes for American companies that do business abroad."
http://www.nytimes.com/2010/01/29/business/29trade.html
Seems... tough.
