How the Media Lies About China
"Try harder," American worker -- and Thomas Friedman thinks everything will be fine
The impetus for the Times editorial was an effort by New York Senator Chuck Schumer and South Carolina Republican Lindsey Graham to impose tariffs on China for its alleged manipulation of the yuan, which the two legislators claim gives China an "unfair trade advantage." The effort by the Senators was apparently headed off following a meeting with Treasury Secretary Henry Paulson Jr. and pressure from companies such as Caterpillar, General Electric and Citibank (the latter two, incidentally, have been heavy contributors to Schumer in particular).
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