COMMENT: U.S. will lose a trade war with China [Michael Pento]

In light of the number of manufacturing and goods producing jobs lost in America over the past decade, it’s no wonder why many in Washington and on Main Street are clamoring for a trade and currency war with China. The raucous has grown so loud that Congress, Treasury and the Commerce Department may soon be forced to declare China a currency manipulator. U.S. Sens. Lindsey Graham, R-South Carolina and Chuck Schumer, D-New York, have introduced legislation that would compel the Treasury to cite the Chinese as currency manipulators, which would allow the Commerce Department to impose duties and tariffs upon them.

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