Senate Finance Ranking Member Urges WTO Case on China Currency
Senator Grassley, ranking member of the Senate Finance Committee, issued a statement regarding the Treasury Department’s semiannual report on currency exchange rates. In his statement, Senator Grassley reiterates his call for the Administration to bring a case against China’s currency…
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manipulation at the World Trade Organization. Grassley further warned that if the President fails to address China’s currency manipulation in a meaningful way, Congress will have to act. In a separate statement, House Ways and Means Committee Chairman Levin stated that Congress and the Administration should fully explore the option of challenging China’s current practices through a WTO complaint.