Statement on China's Widening Trade Surplus
Brief statement from Alliance for American Manufacturing (AAM) Executive Director Scott Paul on China's widening trade surplus, which has hit an 18-month high: "China's expanding trade surplus tells us two things. First, China is back to its same old mercantilist tricks. Second, China's currency announcement was a sham. "A September hearing is scheduled in the House of Representatives on China's currency manipulation. But that can only be a first step. Before Congress adjourns, it must also pass legislation to assure a level playing field for American workers and businesses and to hold China accountable for its currency manipulation. Otherwise, the "Make It in America" agenda will never fulfill its promise. We look forward to working with the House and Senate to pass China currency legislation that will put Americans back to work."