Rep. Joe Donnelly Calls for Chinese Accountability
Posted by jeckert on 04/29/2010
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.
Add a comment
Related recent Blogs
- CNBC: China investing in U.S. • by scapozzola • 05/22/2013
- In Indiana, ongoing concerns about subsidized auto parts from China and Japan • by scapozzola • 05/22/2013
- May 21, 2013 Headlines: Tensions with North Korea, a stronger WTO, and more. • by LRaup • 05/21/2013
- May 20, 2013 Headlines: Manufacturing & social media, growth of the U.S. economy, and more. • by LRaup • 05/20/2013
- May 17, 2013 Headlines: Strengthening our national security, focusing on jobs, and more. • by LRaup • 05/17/2013
- Five reasons you should be concerned about the U.S. military's reliance on foreign manufacturers. • by LDonia • 05/16/2013
- May 16, 2013 Headlines: factory collapses in Cambodia, U.S. retail industry dismisses plan for safer working conditions, & more • by LDonia • 05/16/2013
- May 15, 2013 Headlines: U.S. manufacturing slows, while manufacturers discuss domestic production, and more... • by LDonia • 05/15/2013
- May 14, 2013 Headlines: Redefining success, building Amtrak, banning Tesla, and more... • by LDonia • 05/14/2013
- May 10 2013 Headlines: Obama's focus on manufacturing, U.S.-South Korea summit, and more. • by LRaup • 05/10/2013