Congressman Tim Ryan Statement on China Currency Manipulation Report
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.