You gotta explain that one to me....
Rising currency = lower input costs. Strong yuan = cheaper steel, chemicals, fuel, energy, et c., from the Chinese perspective. The weak yuan issue is a red herring when it comes to our trade balance with them. Pretty strong evidence that our trade deficit actually increases as the dollar devalues relative to the yuan. Main reason being the differential effect on PPI.
On the flip side, our weak dollar policy is absolutely killing our manufacturing sector. In a monetary expansion, commodity inflation always hits before consumer inflation. What you get is supply shock and margin squeeze. Recipe for stagflation.