No one has mentioned the financial manipulation? I’ve heard policy wonks rant about it for decades. From Bloomberg:
Starting in the mid-1990s, China spent a decade regularly intervening in the foreign-exchange market to keep the yuan at a pegged rate to the dollar. Policymakers were essentially maintaining an undervalued exchange rate to help exporters and further the process of industrialization.
From a library of congress snippet about China/U.S. trade:
China’s currency, the renminbi (RMB), had been undervalued for many years with Chinese government’s continual intervention in setting a target rate for currency exchange. Undervaluing their currency made Chinese exports more competitive, attracted foreign investment, and made imports less competitive.
No one has mentioned the financial manipulation? I’ve heard policy wonks rant about it for decades. From Bloomberg:
From a library of congress snippet about China/U.S. trade: