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Portman Statement On Currency Manipulation Report From Treasury

Statement

Date: May 31, 2011
Location: Washington, DC
Issues: Trade

Today, U.S. Senator Rob Portman (R-Ohio) released the following statement on a recent Treasury report determining that China was not manipulating its currency.

"I am disappointed with the Administration's continued insistence that China is not manipulating its currency when the facts show otherwise," said Portman, who initiated the first-ever legal case to be litigated and won against China before the World Trade Organization.

"At a time when our nation's unemployment remains stubbornly high, the Administration should be working to level the playing field for American workers, farmers and businesses, including taking stronger measures to stop China currency manipulation which unfairly increases the cost of our exports to China and decreases the costs of their exports to the United States," continued Portman.


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