alt Hacker News> Vietnam does manipulate its currency.
So does every country in the world, this is neither surprising nor reason to slap tariffs on imports (which will hurt US consumers).
> I have no idea if the tariffs will work
We have lots of examples from history of tariffs not working, so there is that. They lead to trade wars, and then sometimes to real wars, never to prosperity.
The unparalleled prosperity the US enjoyed in the last few decades before 2008 was driven by open global trade and being the currency of last resort and the centre of world markets. I think there is a lot of complacency in the US about that position, and we're seeing the beginning of the end.
No, every country in the world doesn’t manipulate their currency. Most can’t because of the floating exchange rate (which Vietnam doesn’t have).
Do you think Canada’s tariffs on dairy products has worked to protect the industry? Seems like it has?
Claiming that free trade has benefited the US is true, but the benefit has gone to the top at the expense of the bottom.
Europe uses tariffs to protect domestic industry and when the US decides to do it, suddenly it’s wrong?