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
“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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