What it means if Trump names China a currency manipulator

[Baitball Blogger]

What it means if Trump names China a currency manipulator

WASHINGTON (AP) — President-elect Donald Trump has vowed to name China a currency manipulator on his first day in the White House.

There's only one problem - it's not true anymore. China, the world's second-biggest economy behind the United States, hasn't been pushing down its currency to benefit Chinese exporters in years. And even if it were, the law targeting manipulators requires the U.S. spend a year negotiating a solution before it can retaliate.

Trump spent much of the campaign blaming China's for America's economic woes. And it's true that the U.S-China trade relationship is lopsided. China sells a lot more to the United States than it buys. The resulting trade deficit in goods amounted to a staggering $289 billion through the first 10 months of 2016.

But in fact, for the past couple of years China has been intervening in markets to prop up its currency, the yuan, not push it lower.
http://enews.earthlink.net/article/top?guid=20161229/d120991f-3dd4-409a-a8a9-d4fccb5da3f5

[muntrv]

1. Trump, make your clothing line in the USA. Then we'll talk.

[Yo_Mama_Been_Loggin]

2. K&R

[roamer65]

3. China is struggling to keep interbank lending flowing.

It's near crisis level over there.

[hunter]

4. By the time Trump is through with us China will be the world's largest economy.

Thus the pathetic partnership of Republican U.S.A. and Russia. Two white racist homophobic drunks staggering about looking for their car keys.

Let's hope they don't find them.

Fun fact: The California economy is bigger than the Russian economy.

Blue State U.S.A. doesn't need Red State U.S.A. as much as Red State U.S.A. needs Blue State U.S.A..

I'm not a nice person, I'm looking forward to the day Trump gets his tiny twittering thumbs cut off. It would be cool if it was (metaphorically) gangster style with clippers, but even a sane staffer taking over Trump's twitter account and the M$M attributing the sudden rationality of tweets to Trump's "maturing" into the job or some other nonsense is going to make me laugh.