Originally Posted by
Shareholder
The US always complains when other countries devlue their currency so their goods will be available to Americans more cheaply, or bash the Chinese for not raising the value of theirs. Of course, a lower US$ is good for American manufacturers and US products sold abroad, but it increases the cost of imported goods and this will have an impact on levels of imports in coming months/years.
That would be the case if they hadn't outsourced their service sectors to India and manufacturing to China. I can name only three or four industrial sectors that the US actively net exports (of course there are more): weapons, Hollywood, cars, and computers. (Edit: and I'm not even sure how much weaponry the US exports either.)