Congressman Tim Ryan Statement on China Currency Manipulation Report

Apr 13, 2015 Issues: Helping Working Families

Congressman Tim Ryan made the following statement today in response to the U.S. Treasury Department reporting that China’s currency is still ‘significantly undervalued’:

“This report proves why Congress cannot give President Obama Fast Track Authority and why we need to seriously reevaluate the Trans-Pacific Partnership," said Congressman Ryan. "China’s continued currency manipulation is costing American jobs. Our country has the most innovative and productive workers in the world, but we need a level playing field if we want to remain competitive. It is time for the Obama Administration to hold China accountable for their illegal actions, instead of passing a broad trade agreement that will only escalate these unfair trade practices.”

Full Report can be found here.