Quote:
Originally Posted by Ecky
What am I missing? If China's economy devalues even more than ours, their products will be even cheaper after this.
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You aren't missing anything. Nobody is going to accept higher prices to start making socks in the USA instead of Cambodia and Vietnam. (China's labor is too expensive for socks now). This also won't change the fact that the USA is currently 15% of the global economy and shrinking as other countries continue to grow and prosper.
Instead of trying to roll back time we need to figure out how to deal with life in the current global economy.
The idea the the economy suddenly took off under Trump is also completely false.