Publication

This paper describes how US exports to China have been dwarfed by imports from China, with the resulting trade deficit igniting a bout of China bashing reminiscent of the Japan bashing from the 1980s. The author explains that a major cause for the trade imbalance has been the excessively undervalued Chinese currency, the renminbi. The paper describes how many US analysts have been calling for higher tariffs on Chinese goods or for further exchange rate adjustments that would revalue the renminbi significantly upward.