The “Currency Manipulator” Label Won’t Change China’s Stance

The US and China are the two largest economies in the world. Their interests are so intertwined that decoupling the two economies would be highly unlikely and detrimental to both sides. For example, in 2017, sales of the US companies in China earned $700 billion, with profits of more than $50 billion. According to the US-China Business Council, US exports to China supported more than 1.1 million jobs from 2009 to 2018. Tariffs on China will not make America great again, but will rather cost more jobs in the US.