If Obama Wins...
Filed in archive News by Greg Cruey on September 30, 2008
What does happen? The answer seems to be, "it depends."
Let me stop here and say that I'm a fan. I don't agree with Obama on everything, but I like him better that the alternative (by a long shot) and I have a sign in my yard. That said...
If Obama is elected and the Democrats carry through with his ideas about the Chinese currency situation, we're probably looking at a trade war. Democrats have promised to back legislation that would define currency manipulation as an illegal subsidy. The Chinese would probably respond with a tax on exports that would get passed on to US consumers. Things go downhill from there.
Or once he gets elected Obama could decide that a trade war doesn't really help anybody. Right? Read the BusinessWeek article for yourself to see the options explored in more detail.

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Mr Wong
