The U.S. Department of Commerce today rejected arguments that China's undervalued Yuan acts as an export subsidy.  In response, Alliance for American Manufacturing (AAM) Executive Director Scott Paul offered the following brief statement: “We are deeply disappointed in the Commerce Department’s decision today not to consider the impact of undervalued currency in several pending trade cases.  It’s now up to Congress to pass legislation to strengthen and modernize our trade laws so that the devastating impact of currency manipulation can be factored into penalties for subsidies and dumping.  Our workers and businesses were promised a level playing field.  Unless the mercantilist policies of China and other nations are challenged at every level, we will continue to pile up trade deficits and job losses.  We are pleased that there appears to be strong bipartisan support for holding China accountable and passing legislation such as the Ryan-Murphy currency bill in the House of Representatives and the Schumer-Graham legislation in the Senate.”  ##