Snowe Urges Bush Administration to Expand Pressure on China, Combat Unfair Currency, Trade Tactics Costing Jobs
U.S. Newswire, June, 2004
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"One of the most critical issues addressed in today's report is China's continued and deliberate manipulation of its currency to the detriment of businesses throughout our nation, which directly contributes to our nation's significant trade deficit," said Snowe, chair of the Senate Committee on Small Business and Entrepreneurship. In 2003, the United States ran a trade deficit of $535.5 billion in goods with $124 billion attributed to a trade deficit with China.
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"While I applaud the Bush Administration's efforts, the Commission's conclusion that China has taken inadequate steps ...
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Most Popular Articles in Business
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