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Unformatted text preview: undervalued Chinese currency. The Chinese currency is a major player in the U.S. trade deficit. I think that the U.S. is right in criticizing the Chinese about their trade policy. The U.S. has made a previous agreement with China and the Chinese need to follow through on their promise. The U.S. practices an open market with China so that their goods can be affordable and our businesses need an open market to operate efficiently in China. If the Chinese falter on their promise, I think that the U.S. has no choice but to inflict tariffs on the Chinese. This will cause the Chinese to think differently and hopefully change their trade policies....
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This note was uploaded on 07/11/2009 for the course HIST 101 taught by Professor Mr.smith during the Spring '09 term at CSU Sacramento.
- Spring '09