He might be talking about the Renminbi's fixed exchange rate[0]. It's a fairly common belief that Chinese exports gain a huge advantage because CNY aren't float

He might be talking about the Renminbi's fixed exchange rate[0]. It's a fairly common belief that Chinese exports gain a huge advantage because CNY aren't floated but USD (and basically everything else) are, and if I remember right Trump jumped on the bandwagon some time last year. [0] https://en.wikipedia.org/wiki/Renminbi_currency_value#Historical_Undervaluation https://en.wikipedia.org/wiki/Renminbi_currency_value#Histor...