Rep. Joe Donnelly Calls for Chinese Accountability

Posted by jeckert on 04/29/2010

joe-donnelly U.S. Representative Joe Donnelly joins the multitude of policymakers that are not happy with China. In an article in the South Bend Tribune, a publication in his district, Rep. Donnelly references the findings of the Alliance for American Manufacturing and Economic Policy Institute's report on U.S. jobs lost to trade with China:
"The Alliance for American Manufacturing and the Economic Policy Institute put together a report on the number of jobs lost across the country due to our growing trade deficit with China -- a direct result of that country undervaluing its currency.  In Indiana's 2nd Congressional district alone, they estimate that 6,000 jobs have been lost due to Chinese currency manipulation."
Donnelly adds:
"I strongly support cracking down on China's unfair currency policies.  I'm proud to be a supporter of House Resolution 2378. the Currency Reform for Fair Trade Act, which would allow American industries and their workers affect by currency manipulation to seek remedies under current trade laws.  Also, the bill would seek to identify cases of currency manipulation and create an incentive for foreign governments to stop unfair trade practices to prevent similar abuses in the future."
Read more here.

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