Obama should impose a tax on dollar-yuan conversions in an amount equal to China's currency market intervention divided by its exports -- about 35 percent. That would neutralize China's currency subsidies that steal U.S. factories and jobs. It is not protectionism. Rather, in the face of virulent Chinese currency manipulation and mercantilism, it's self defense.
Rising Trade Deficit Slows Jobs Recovery
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts