Yes but what about businesses here that can't even make products that cheap. I.E. higher pay and expensive materials. If you keep saving that little bit of money then these companies close or don't even become. Less jobs = no money to buy Chinese or American. We will soon all work for Wal-Mart.
this is not necessarily true. companies that cannot compete in one market may compete very well in another. to raise prices artificially in order to "save" some entity is protectionism and history has shown that protectionism doesn't work. in fact it has disasterous results.