On trade, Romney promises to launch a trade war with China, and to declare it a currency manipulator on Day One – a promise that gives him little wiggle room. He refuses to note the renminbi’s large real appreciation in recent years, or to acknowledge that, while changes in China’s exchange rate may affect the bilateral trade deficit, what matters is America’s multilateral trade deficit.
在贸易方面，罗姆尼许诺要跟中国打一场贸易战，并在上任第一天就宣布其为汇率操纵国——这把他逼到了墙角。他拒绝关注这几年来人民币汇率的大幅度实际升值，或者说拒绝承认虽然中国的汇率变化可能会影响双边贸易逆差，但更重要的其实是美国的多边贸易逆差。人民币走强直接意味着纺织品，服装和其他商品的低成本制造国从中国变成了美国。