[T]he worst of China’s sins is not its theft of intellectual property. It is the wanton manipulation of China’s currency, robbing Americans of billions of dollars of capital and millions of jobs.
Again, special interests and crony capitalism have weakened the resolve of the Obama administration in confronting China over its currency ploys. Economists estimate that the yuan is undervalued anywhere from 15% to 40%.I fully expect that in the not too distant future the US is going to experience the ramifications of a declining dollar, especially soaring price inflation, even without Trump's negotiating "skills."
In the op-ed that Trump makes clear as president that he would do everything he can to start the collapse of the dollar, including instituting tariffs, which, of course, would make the price inflation consequences even worse. He writes
On day one of a Trump administration, the U.S. Treasury Department will designate China a currency manipulator. This designation will trigger a series of actions that will start the process of imposing countervailing duties on cheap Chinese imports, defending American manufacturing and preserving American jobs.-RW