Tough Talk on China May Backfire (Badly)

ITHACA – US President-elect Donald Trump has once again managed to turn facts on their head. As part of a broader effort to take China to task for supposedly “raping” the United States economy through unfair trade policy, he has now renewed his accusation that the country manipulates its currency in order to gain an advantage for its exports. Such statementsare as dangerous as they are unmoored from reality.