Posted on 02/23/2005 7:26:59 PM PST by maui_hawaii
They're going to punish china by lifting an arms embargo...hey wait a minute.
I'll repeat that tariffs don't work, but we will just have to agree to disagree.
Many other countries maintain artifical currency pegs.
I used to be quite annoyed at the Chicom currency peg, but I've come to like it.
There are advantages to us.
Which is why they are looking to build light truck facilities right here.
they have plenty of plants in Thailand where they pay much lower labor costs then the US, lift protection for the US light truck industry - and they will come flooding in here.
so with that logic, you would be in favor of them revaluing to an even lower level. right now US engineers are losing their jobs to chinese ones that cost US companies $25K - so I guess if it cost US companies only $15K, that would be better. we can all work at walmart I guess.
There are many Wal-Mart stores in Germany.
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