OPINION: China cheats, Indiana loses
For a while now, the Alliance for American Manufacturing (AAM) has been making the case for a tougher stance by our government against international trading partners that manipulate their currency to gain an advantage in the marketplace. Why? The ultimate goal is to bring manufacturing jobs back to the States ... and with a U.S. dollar artificially made more expensive by serious competitors like China, it's awfully hard to do that.
How do we propose fixing it? Smart policy. AAM has been vocal in our support of H.R. 1276, the Currency Reform for Fair Trade Act, which would allow for undervalued currency to be treated as an actionable subsidy under U.S. trade law.
Today, Scott Paul made the case against currency manipulation in an opinion for the Indianapolis Star. Writes Paul:
Polling shows that an overwhelming majority of Americans favor standing up to currency manipulators like China, and Hoosiers should watch their congressional representatives to see whether they’ll side with the state’s manufacturers. Or will they stand with our competitors who continue to game the trading system?
That's a darn good question. Read the whole op-ed here.
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