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US will act if China does not revalue yuan-lawmaker
WASHINGTON, April 19 |
WASHINGTON, April 19 (Reuters) - A U.S. House of Representatives committee chairman on Monday warned the United States will take action if China does not begin steps in coming months to raise the value of its currency.
"The G20 are meeting in a couple of months. It's clear to me the (Obama) administration is endeavoring to try to bring about a change" in China's currency, Ways and Means Committee Chairman Sander Levin said at the National Press Club.
"They're going to try to use a multilateral process to help bring that about. If it doesn't work, the U.S. will act. I have no doubt about it. I think the administration will act and I think the Congress will act," the Michigan Democrat said.
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