I don't think that's the whole picture. That's the picture that focuses on the currencies. Yes, the US imports goods cheap, but that isn't the entire ramification of what it does. It has to do more than that, or the Chinese wouldn't do it. Other things it does include the realities on the ground regardless of what the currency does. It creates a humming manufacturing economy in China. It pulls millions out of poverty to somewhat more. It gives China access to direct production of things it wants and creates infrastructure. It gives China leverage to acquire access to raw resources while also creating ravenous demand for such. China BUILDS. That's one result of this. Another partial result is that large players in the US economy save a lot of money on labor. Large capitalists make a lot of money. The rest of the US economy shifts towards being service based(this isn't only a China thing, it's just China is such a big player). So you can blame some of the prevalence of dead-end minimum wage jobs being what's available for the young on this. Right? I mean, it looks nice when all you take is the upper middle-to high brackets and get the cheap stuff, but doesn't it hurt everyone else? Sort of like how everyone complains about American grain on international markets? Hope we like working in retail.