China cheats by currency games
On Monday August 11 the China Yuan currency was deliberately lowered in value by Beijing. This makes manufacturing by US companies in China more profitable. This makes China exports to the USA more attractive by a lower price. This makes it clear that trade deals with China are meaningless with deliberate currency manipulation.
He is not the only smart guy on China problems, but Trump has often brought to media attention the game playing by China to create unfair advantages in every deal. Our latest trade deal praised by our president cannot remedy currency manipulation by China. Major US companies have left China and sold operations to get out from corrupt and dishonest accounting accepted by banks of China.
The major advantage for bringing manufacturing back from China to USA is control on quality and actually lower cost with our utilities for operating factories. Poisoned pet food, poisoned baby formula, counterfeit tainted drugs, and counterfeit specifications on steel nuts and bolts have endangered and injured many in USA.
There is no doubt that poaching by China targeting profitable USA markets has stolen manufacturing jobs and injured our population by unemployment. It is time to challenge China and reclaim our industrial supremacy again. Donald Trump does make it a priority of USA to protect our jobs and our companies that export goods. My guess is that China sets up their export sales based upon the USA dollar value. My guess is that China sets up their import buys based upon their China Yuan. China just made more money on their exports and they just saved more money by their imports.