How much will taxpayers shoulder?

[kandrathe]

As usual ...

Look. You maintain that the problem is B, and I'm saying it is A+B. That is all. A= unfair currency value manipulation, and B= normal competitive capitalism pressures. How about you and I make the exact same thing, but you need to sell yours for triple my price? Our raw materials prices are the same, our productivity is the same and our wages are the same. Does it seem fair?

That is what happens with the currency manipulations. It's not just EU, and US consumers choosing China goods, its that only China production makes sense anymore due to a decade of currency manipulation. The non China producers might be able to compete even with higher labor costs, because of higher productivity, and better speed to market, but when you skew the price by 60% due to currency manipulations, it only makes sense to manufacture goods in China and spend more money shipping them to the EU or the US. The additional shipping charges, lower quality, lower production rate are overwhelmed by the currency exchange devaluation. For many items with cheap materials costs you could throw away half of the product at the factory and still out compete the same goods made in Europe or the USA.

SO AGAIN, it's more than B, it's A+B.