SamuelRSmith on 04 August 2012
| Mr Khan said: China's using macroeconomic tools to make sure their exports are over-competitive, so it would be no especially big deal to make them less competitive, although levying a tariff in that vein would likely go against WTO rules, unless they could successfully argue before the WTO that China's currency manipulations are fundamentally anti-competitive. The issue is, they likely can't just tell China to stop, because the method China uses to inflate their currency is mass acquisition of foreign assets: financing the Western debt machine. |
If the Chinese Government wants to impoverish their people in order to provide us with goods at lower cost, then I'm all for it (I'm actually not, but for the point of this thread, I am). I see no need for us to then start impoverishing our people to put a few industries on an equal playing field.
