Trade bill takes aim at China

U.S. Senator Sherrod Brown says Asian nation isn't playing fair, and it's costing American jobs.

WTAM

(Cleveland) - A vote today is likely today in the Senate on the Currency Exchange Rate Oversight Reform Act of 2011.

It has 19 co-sponsors, both Republican and Democratic, including U.S. Senator Sherrod Brown who is the lead sponsor.

Also supporting the measure is U.S. Senator Rob Portman, who was a former U.S trade representative.

Brown tells Newsradio WTAM 1100 that China has been manipulating its currency so that imports to this country receive what amounts to a 25% discount, and U.S. goods exported to China are marked up 25% percent.

Brown says it's very difficult for American manufacturers to compete under these conditions. He contends the practice is costing millions of U.S. jobs.

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Trade bill takes aim at China »