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From the vantage point of the US, would we be better off if the dollar and...

From the vantage point of the US, would we be better off if the dollar and the Chinese currency were closer in value? Explain.

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Answer #1

In the foreign trade point of view if the value of the dollar and Chinese currency equal it would better off for the USA due to following the reasons.Since both are the strongest economy and dominates in the international trade.

  • It helps the USA to retain others country to retain as trade partners
  • It helps to archive trade balance between the USA and China in their trading
  • It helps to protect domestic industries from the China goods.

Thus this is the main benefits when the value of the dollar and Chinese currency is equal.

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