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View Diary: Obama's economic plan: step 1. Tackle trade Deficit (90 comments)

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  •  Unfair practices? (1+ / 0-)
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    gerald 1969

    This was a safeguard action.  The Chinese didn't do anything wrong except expand their market share.  I haven't seen any indication that they used some unfair trade practice.

    •  Currency manipulation. (1+ / 0-)
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      candycane386

      They peg their currency to the U.S. dollar for one thing.

      •  And this was cited in the safeguard action? (0+ / 0-)

        I don't recollect that being a reason they filed the case.

      •  as the one world reserve over the last 3 decades (0+ / 0-)

        you should not talk about currency manipulation.
        do you remember deficits does not matter or
        when france wanted the gold for the paper they bought from the USA . that was the point where nixxon said we dont have a goldstandard anymore.
        france got out of nato and the USA thought because of the cold war, that nixxon was right.
        well i think he was not.

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