alt Hacker NewsDoes every country in the world maliciously connive to keep their currency low vs the dollar? Currency valuations are not tariffs and it is absurd to compare them to a tariff.
These tariffs are a huge mistake according to almost every mainstream economist, I hope instead of parroting the party line you’ll be able to admit their failure in a few years.
Vietnam does manipulate its currency. It’s not something that hasn’t been widely discussed for the past decade or more.
And if you artificially keep your exchange rate 10% higher, that’s an effective 10% tariff on US imports.
I have no idea if the tariffs will work but I don’t fault a country for saying “we’re matching the tariffs you apply to our exports”