From Steven R. Weisman of the Peterson Institute for International Economics:
2) Speaking of China, trade will be a big and perhaps contentious issue, because the Chinese are still furious over Obama's recent imposition of tariffs on Chinese tires—and the implicit threat that such tariffs could be slapped on other products like steel, cement, aluminum, paper, and many other things if China does not let the value of its currency, the renminbi, rise more than it has against the dollar.
Are the tires tariffs really all about encouraging China to let the value of its currency rise? If so, will this strategy work?
