To: NormsRevenge
Like what the Reagan admin did 18 years ago with the Plaza accord, the drop in the dollar pushed by the Bush admin is a de facto tariff. Since the Dollar has dropped 30% in value against other currencies since the tariff was put in place, the need for steel tariffs no longer exist.
3 posted on
12/29/2003 12:57:46 PM PST by
RFT1
To: RFT1
Not exactly.
The drop in the value of the USD is EXACTLY matched by the drop in the value of the Chinese Yuan--which is fixed to the dollar, artificially.
Were it honestly priced, the yuan would be about 40-50% higher than currently valued.
6 posted on
12/29/2003 2:59:05 PM PST by
ninenot
(So many cats, so few recipes)
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