Jim Holt on Jobs Republican challenger for Senate (AR)

Restrict China trade until they float their currency

A: Absolutely-when the loss results from rigged trading conditions. By using tariffs on countries who rig the game so that trade between us does not reflect true free-market costs. Currency manipulation would be a major example. Right now the government of China does not float its currency. The medium of exchange between our two economies is not accountable to the free market. Because of this, pure free trade with the managed economy of this communist giant is impossible whether we put tariffs on them or not. The Chi-com industries pay everyone in undervalued money and get overvalued dollars in exchange. One day, it will all collapse of course. Until it does, it represents a conspiracy between the Communist rulers of China and their manufacturing class to pay their workers peanuts (through currency manipulation) and use these artificially lowered costs to takeover American markets.