[dsalso]

Not exactly, it depends on the particular good. The price in yuan could stay 100 or not move as much. In that case your purchasing power has increased

[jermaustin1]

So its a great thing for the US if we want to import more stuff?

So its basically saying: I see your 10% Tariff and raise you a 10% discount!

[jeremy_wiebe]

But doesn’t that also raise Chinese import costs the same amount? Or is that where Chinese tariffs in the things they import come into play (like Canadian canola, etc)?

This feels like a sort of race to the bottom.

[internet_user]

great for consumers, devastating for the whatever hobbled manufacturing base left in the US.

[skybrian]

Pretty much, although with more revenue for the US government.

[voodooranger]

in the aggregate if you devalue a currency so that it’s worth half of what it was, won’t prices in that currency double?