I would love to see us be able to revalue their currency for them...this would cause Chinese import prices to skyrocket, force Walmart to its knees and force a reordering of the global order. I used to support free trade. We were told that steel was too expensive when we produced it...let the Chinese do it cheaper--"good for business". Now China's economies are so overheated that the demand for steel is as never before, forcing prices higher than ever. So much for the price advantage of Chinese steel.
Note: Wal-Mart is now the second largest employer in the U.S. A lot of car payment and house payments are made with "wal-mart salaries." A lot of groceries are bought with wal-mart pay checks.