China is exporting deflation by running the factories on full blast, despite low local demand, and then selling abroad with rapidly shrinking margins.
This is not intentional; they're just trying to not go bankrupt.
Discussion
"Americans paid a high price for cheap imports. Unable to compete against cheap Chinese imports, many U.S. manufacturers were forced to relocate their factories to China or Mexico and shut down operations in the U.S. for good. At least 2.4 million good-paying manufacturing jobs in the U.S. were lost during the process."
It was the US under Nixon who "opened up" China. So American companies could go there and manufacture goods much cheaper and therefore make a lot of money. America's elite profited enormously from that process. Of course not the "ordinary" American. Tariffs will hurt the American working class and the American consumers even more. US problems are, like always, to find within the country and not outside. Why Miss Raleigh can't see this is a mistery.
I don't think so. There are hundreds of millions of chinese people out of poverty the late years and china is producing much because they were reinvesting much of their profits to production. The europeans have a problem with that because they created a mess in their territory. The west in general i would say...