We've been in a trade war. And we have refused to fight back and now have 25% unemployment to show for it.
Currency manipulation is not the real issue. It's the whole idea that trade with low wage countries is always a good idea, regardless of how high your own country's unemployment is.
Well, I don’t see how labeling China as a manipulator is going to solve anything. We need to raise interest rates to create incentives for capital creation and production. A more liquid labor market would also be beneficial.