FROM THE ARTICLE..."We're probably headed for some heavy weather in US-China trade relations. And frankly, it's high time for the US to get tough with the Chinese," John Tkacik, a Washington-based China expert at the conservation Heritage Foundation, told AFP."
Man am I confused...here is a CONSERVATIVE...who thinks we need to get tougher with China...who is apparently worried about the yuan peg and its effect on our trade deficit with China. Ya mean China aint playin fair?
We were told to ignore Paul Craig Roberts, Lou Dobbs, etc, read all those ad hoc economic / poitical articles..and listen to some of our resident experts on this forum who tell us that trade deficits are a good thing...that we are only giving paper to China...they give us stuff...nice cheap stuff and lots of it.
Hmmmm...who to believe...
China needs to play fairly.
They need to release the yuan.
With the yuan pegged, American companies can't compete. What the Chinese are doing is cheating.
I think we need to enact a 100% tarriff on Chinese goods and/or enact severe quotas on their goods as well unless they release the yuan. I'm all about free trade, as long as everyone plays fairly.
us.