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Currency Devaluing

China Exports Trouble to U.S.

Leo W. Gerard | Posted 08.11.2012 | Business
Leo W. Gerard

For years, China deliberately diminished the value its currency. This artificially reduces the price of Chinese exports. Simultaneously, it artificially raises the price of U.S. exports to China. Dithering by the U.S. House of Representatives on this issue has reduced America to victim status.