Death By Currency Manipulation: Crouching Tiger, Nuking Dragon
If money is the root of all evil, then China's manipulation of its currency, the yuan, is the tap root of everything wrong with the U.S. -China trade relationship. For more than a decade, chronic U.S. trade deficits with China have dramatically slowed America's economic growth rate and spiked our unemployment rate. Yet it would be impossible for China to keep sucking the lifeblood out of the American economy without its fangs of currency manipulation.
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