Hacker News new | ask | show | jobs
by thwy12321 2838 days ago
The people enacting these policies (Trump admin) argue that what we currently have is not trade, given how the Chinese have manipulated the markets, it is a one sided agreement. Free trade requires both sides not place restrictions on the others. Would you say this is true? Sometimes I feel like economic theory is like psychology, it seems real, seems like it has truth, but counter examples are abundant?
1 comments

It's indeed not free trade, since the playing field is tilted massively in favor of the US, by controlling the global currency.