Ney Supports Measure to Crack-Down on Unfair China Trade
Press Release
Ney Supports Measure to Crack-Down on Unfair China Trade
Continuing in his efforts to address the unfair trade practices of Communist China, U.S. Rep. Bob Ney (OH-18) today joined his House colleagues in passing a comprehensive measure that will allow the Commerce Department to impose counterveiling duties against imports from China and other non-market economy countries.
"For far too long, our country's trade policy with China has consisted of too much talk and too little action, and all the while, our trade imbalance with Communist China has continued to grow. I have continued to make the case that unless we stand firm with the Chinese and tell them in no uncertain terms that their unfair trade practices will not be tolerated, then our workers, our businesses and our economy will continue to suffer," Congressman Ney said. "The key now is for the Senate to follow our lead and pass this important bill. If China continues to break the rules of international fair trade then it needs to know that there will be a price to pay."
In addition, the United States Trade Rights Enforcement Act (H.R. 3283) establishes a comprehensive monitoring system of Chinese compliance with its trade obligations and requires the Treasury Department to submit a report to Congress defining currency manipulation, describing actions of foreign countries that would be considered to be currency manipulators, and describes how statutory provisions addressing currency manipulation can be better clarified administratively to provide for improved and more predictable evaluation.
"Today's action by the House was a good step in the right direction, but I continue to believe that even stronger action is needed. That is why I continue to strongly support H.R. 728 which would repeal Permanent Normal Trade Relations with China. PNTR has encouraged corporations to ship our jobs to China and bring Chinese products into the U.S., all with little or no tariffs, and all the while the Chinese government thumbs its nose at international fair trade rules. Again, I'm pleased with the step taken today by the House, but I will continue to push for tougher action against China," Ney concluded.
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