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Portman Calls on Obama Administration to Address Currency Manipulation with Chinese President

September 23, 2015 - 7:30PM

Washington, D.C. – U.S. Senator Rob Portman (R-Ohio) today called on the Obama Administration to address Chinese currency manipulation practices during Chinese President Xi’s upcoming visit to Washington:

“Ohio workers can compete and win on a level playing field, but the Administration's refusal to take on China's currency manipulation is enabling Chinese workers to have an unfair advantage over Ohio workers. Just last month, China yet again lowered the value of its currency, another harsh reminder that we cannot afford to sit idly by as China refuses to play by the rules. I urge President Obama to address this issue during President Xi’s visit, and will continue my push to ensure foreign competitors are playing by the rules.”

Just last week, Portman and U.S. Senator Sherrod Brown (D-Ohio) led a bipartisan group of senators in urging United States Trade Representative Michael Froman and U.S. Treasury Secretary Jack Lew to more aggressively address currency issues in the ongoing Trans-Pacific Partnership (TPP) negotiations.

Portman teamed up with Brown and Senator Debbie Stabenow (D-Mich.) to address currency manipulation for the first time in the Trade Promotion Authority legislation.

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