LMAO, China has been playing games with currency values and undercutting electronics manufacturers for decades.
FYI we don’t do this btw
In 1979, President Carter proposed a Trade Agreement that changed China to favored trader status with much lower tariffs across the board, and in return China agreed to a cap on textile output so as not to flood the market with cheaper goods than the USA was producing.
The 1980s saw even more favorable deals in exchange for similar restrictions as Reagan was eager to work with China.
Trade broke down in the 1990s over China committing crimes against their own people, broadcasted live across the entire world.
In 2000 President Clinton helped China enter the WTO to renew trade again.
And in return they spent the last 24 years shitting the bed, doing everything in their power to mess with any market they can, like sharks drawn to blood.