Djou Statement on Chinese Currency Bill: "Will Harm U.s.-china Relations"
Congressman Charles K. Djou (HI-01) issued the following statement after voting against H.R. 2378--the so-called "Currency Reform for Fair Trade Act:"
"No one denies that the current valuation of Chinese currency is troubling and remedial actions must be taken. While I support a free-floating currency exchange between the United States and China, this legislation will not affect the trade deficit and will not create American jobs. Instead, this bill would hurt more than it would help our nation and Hawai"i.
"This measure will harm U.S.-China relations, hurt international commerce and, most troubling for Hawai"i, impair the emerging Chinese visitor market in Hawaii.
"I opposed H.R. 2378 because the bill is bad for Hawai"i. And I will always put Hawai"i before any special interest."
Congressman Djou has publicly stated that the most important factor in the trade deficit between the United States and China is real job-creating policies from the Congress and a growing economy in America.