Quote:
Originally Posted by Shedevils
The average middle class consumer has no access to finished American goods in China. A trade deal would move to improve that situation.
I'm wondering if there is more to it than just this and if China will face sanctions over what is going on in Xinjiang. The writing seems to be on the wall for this. See https://www.washingtonpost.com/world...35 f195db09c3
But I know most NPC types will still just see "orange man bad" and not have any knowledge of what is really going on. |
Goldman Can't Rule Out U.S. Naming China a Currency Manipulator
The Trump administration is pushing for Cina to be deemed a currency manipulator, which they are.
The problem is Trump is doing the tarriff war and pushing for that at the same time. If they are downgraded to being a currency manipulator at the same time tariffs are going on in the next couple years things will go to shit for everyone.
Also, in Trump's new USMCA deal, for the first time ever used in a trade agreement, a currency manipulation clause, and
China has taken notice:
"Chapter 33 addresses countries artificially devaluing their currencies to gain an unfair competitive advantage in international trade. It is the first time such a clause has been included in a major trade agreement.
The clause only applies to the three countries in the USMCA agreement, where there is no controversy on respective exchange rates.
Its inclusion could, however, signal the Trump administration’s intent to include similar wording in other trade deals it is now negotiating with the European Union and Japan, and could form the basis for an argument that it should be the norm for all trade agreements."
Billionaire's in charge don't care it'll just fuck with all the rest of us.