Currency manipulation gives Chinese an unfair advantage

The Hill

One of the biggest jobs bills to clear the Senate this session — one that could create or save two million jobs at no cost to taxpayers — passed with strong bipartisan support more than 200 days ago.

Now, it’s time for the House of Representatives to act. 

American workers and American manufacturers can compete with anyone. We have skilled, productive workers and world-class infrastructure. But when a country like China purposefully manipulates its currency so that its exports are cheaper, that’s not competing — that’s cheating. 

And when countries like China don’t play by the rules, it drives American companies to go out of business, and it harms our economy. U.S. exports are more expensive, and cheap imports flood our markets, ultimately costing American manufacturing jobs.

Too many jobs.

Currency manipulation gives Chinese an unfair advantage »