I would love to see how they came up with those numbers. I have a feeling it was just pulled out of their ass. I don't doubt that there is massive currency manipulation in China, but it's hard to directly correlate that with monetary impact to the US.
The countries targeted seemed to be very random. It only serves to hurt our standing in the global economy which is not something we should be doing when China is champing at the bit to get India and other countries to switch to the Yuan as their global currency.
Generally I'm not a huge fan of globalism, but having the US dollar as the de facto standard has benefited the US economy significantly. If the goal is to step down from that role, he's taking all the right steps towards that.
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u/RealisticSorbet Small Government 1d ago
I would love to see how they came up with those numbers. I have a feeling it was just pulled out of their ass. I don't doubt that there is massive currency manipulation in China, but it's hard to directly correlate that with monetary impact to the US.
The countries targeted seemed to be very random. It only serves to hurt our standing in the global economy which is not something we should be doing when China is champing at the bit to get India and other countries to switch to the Yuan as their global currency.
Generally I'm not a huge fan of globalism, but having the US dollar as the de facto standard has benefited the US economy significantly. If the goal is to step down from that role, he's taking all the right steps towards that.