No easy way out for US
The recent tough talk US President Barack Obama made about China's currency policy certainly revealed a sense of urgency after he vowed in his first State of the Union address to double US exports over the next five years, an increase that will support 2 million jobs in America.
Given the deteriorating domestic employment situation, it is understandable that the US government must be fretting about the difficulties in seeking overseas markets nowadays. After all, US manufacturers have to try their best to fight both the worst global recession in decades that has considerably depressed international trade and the rise of numerous low-cost competitors from emerging economies to win foreign orders.
By irresponsibly blaming Beijing's currency policies for giving Chinese companies an unfair price advantage, however, the US government seems to look for only an easy rather than a real solution to boost US exporters' competitiveness.
