Word: protectionists
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Dates: during 2010-2019
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...China's current account surplus declined by about half as a percentage of its overall economy - that adjustment phase is over. Exports will again add to GDP growth in China this year, and in an era of high unemployment in the U.S. and Europe, the potential for a serious protectionist backlash is very real. (Indeed, a team from Treasury slipped quietly into Beijing recently to make just this point.) For administrations going back to Ronald Reagan in the 1980s, it's been a tried a true strategy: Tell your trading partner to give you something, because you might...
...undervalued, giving Chinese exporters an advantage over their competitors in the U.S. and elsewhere. Some U.S. lawmakers have been pushing Geithner to declare China a manipulator, which would force talks between the two sides and the International Monetary Fund and could create momentum for Washington to adopt protectionist measures...