It is dilemma for US now that it is hit with inflation and slow growth.

Last year, China enjoyed over 250 billion dollars trade surplus with US.

Without China goods, the cost of products to American consumer also increases. After all, it was China who kept inflation at bay for US as well as most of the world.

China yuan hits new high against US dollar - Yahoo! News

The yuan has gained about 20 percent against the U.S. dollar since Beijing revamped its foreign exchange trading system in July 2005, revaluing the currency by 2.1 percent to 8.11 yuan to one dollar.

On Wednesday, the yuan began trading at a 6.8823 to the dollar, continuing a steady advance against the dollar that has taken it to record highs in recent weeks.