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re: Protectionism is not the answer
Posted on 2/24/17 at 11:47 am to I B Freeman
Posted on 2/24/17 at 11:47 am to I B Freeman
quote:
Protectionism is not the answer
sure it is.
just ask the right question and protectionism is the correct response.
here's the question Trump is answering:
Red China has been trading at a rate for its currency which gives unrealistic and unfair trading advantage to China. 15 years of this.
we have asked them politely to increase the Yuan's value by double. they reserve the right to do as they please.
the answer is to place a punitive tax on Chinese exports.
the intention of Trump, verbalized during the primary
is to force China to increase the value of their Yuan so dollars and pounds are not at such a disadvantage .
This post was edited on 2/24/17 at 11:49 am
2
Posted on 2/24/17 at 11:49 am to CelticDog
quote:
is to force China to increase the value of their Yuan so dollars and pounds are not at such a disadvantage .
While his treasury secretary just yesterday said he would have a strong dollar policy.
How stupid is all this talk?
Posted on 2/24/17 at 11:51 am to CelticDog
quote:
is to force China to increase the value of their Yuan so dollars and pounds are not at such a disadvantage .
China is not intentionally deflating it's currency right now. It is actually using USD reserves to prevent deflation because they have a problem with runaway capital flight. I don't understands nd why people think currency devaluation has no consequences.
This post was edited on 2/24/17 at 11:53 am
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