Wes Hickman (202-224-5972) or Kevin Bishop (864-250-1417)
– U.S. Senators Lindsey Graham (R-South Carolina) and Chuck Schumer (D-New York) today made the following statement on the Treasury Department currency report stating China does not manipulate its currency.
“The Administration continues to use technical and legalistic dodges to avoid saying what everyone knows to be true -- the Chinese manipulate their currency. It’s as plain as the nose on your face.
“After five years of work on this issue, we are not satisfied. If the Administration still won’t call China a manipulator, how can we ever expect them to get China to play fair?"
“The Chinese cannot be part of the international community on their terms alone. They need to be pressed to play by the rules and that means putting an end to currency manipulation.”