Mises Wire

The War Against China

The War Against China

Trade With China Is Heating Up As a Business and Political Issue (WSJ): “Although many U.S. corporations are seeking to tap into China to make and sell their products, a lengthening queue of U.S. industries are petitioning the government for relief from Chinese imports; more than one-fifth of the cases in which U.S. companies accuse overseas competitors of selling products below cost now involve China. U.S. manufacturers, among others, are lobbying the Treasury to pressure China to allow its currency, now tied to the dollar, to rise. A stronger yuan would tend to make Chinese products more costly in the U.S. and elsewhere.” 

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