Ping!
Isn’t an artificially low RMB the same as protectionism across the board. I have heard estimates of 40% undervalued. If that is the case then it is like a 40% tariff on all American exports worldwide that compete with China.
Protecting steel tube manufacturers may have involved some mutual back scratching between the Obamanoids and domestic steel pipe manufacturers. However, it is ignoring the big issue of across the board protectionism by the Chinese through the RMB. Any comment TLR?