(Bloomberg) -- U.S. lawmakers accused China and, to a lesser extent, Japan of keeping their currencies artificially low to boost exports, threatening legislation to protect American manufacturers and workers.
The policies of Asia's two biggest economies have fueled record trade surpluses with the U.S., manufacturers told a joint hearing of three House committees today. Their testimony, and the response from lawmakers, puts pressure on Treasury Secretary Henry Paulson to push China to let the yuan rise against the dollar in talks later this month.
Read more at Bloomberg Currencies News
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