China’s aggression in September after Japan seized a Chinese fisherman near the East China Sea islands claimed by both countries confirmed China as a burly international tyrant. The caution for countries attempting to negotiate with China is to avoid Japan’s mistake, which was single-handedly contesting the giant. For America, that means seeking an end to China’s currency manipulation by simultaneously pursuing every option the United States has, including formally naming China a currency manipulator, imposing tariffs on imports from countries that undervalue currency and creating a community of allies to campaign together to combat the illegal trade practice.
|By: Leo W. Gerard Sunday October 10, 2010 8:09 am|
|By: Leo W. Gerard Thursday September 16, 2010 8:57 am|
China illegally subsidizes its export industries and unlawfully manipulates its currency. That kills U.S. industry and destroys U.S. jobs. On June 19, China announced it would allow its currency value to rise on international markets. And then it didn’t. That’s flipping the bird at America. Before China’s June 19 promise, U.S. Senators and Congressmen proposed legislation that would force the U.S. Treasury Department to even the score with China. Pass the legislation. It’s time for America to flip the bird back.
|By: SumofChange Wednesday September 15, 2010 8:33 am|
90 Second Summaries, a project of Main Street Insider. Today we summarize H.R. 2378, the Currency Reform for Fair Trade Act, which is being discussed in the Ways & Means Committee today and tomorrow.
|By: Leo W. Gerard Tuesday July 13, 2010 9:00 am|
Allowing China to devalue its currency devalues American workers and businesses. Chinese currency manipulation is driving American manufacturers out of business and America workers into unemployment. For 110 years, American factories and workers have proved they can compete and win against all comers in the world. They can continue to do that if Congress places tariffs on Chinese exports to the U.S. or taxes them to compensate for the 40 percent price break the Chinese government arranges for its manufacturers. This is National Currency Manipulation Call-In Day. Tell Congress to ensure America is not No. 2.
|By: Leo W. Gerard Thursday July 1, 2010 9:51 am|
In the trade clash between China and America, the Asian giant has gravely wounded the United States. China knows it. U.S. voters of all political stripes know it. But too many American politicians are in denial. Their deliberate blindness, and resulting inaction, has enabled Chinese market intervention to continue killing American manufacturing.
|By: Leo W. Gerard Wednesday March 31, 2010 6:10 pm|
China and America decline to acknowledge what everyone else knows: China suppresses the value of its currency to gain a trade advantage over America. This is costing America untold numbers of manufacturers and millions of jobs. The U.S. Treasury Department, which is required by the Omnibus Trade and Competitiveness Act of 1988 to name foreign currency manipulators in bi-annual reports, must label China in its April 15 account, then sanction China if it doesn’t begin balancing its currency.