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Senator Grassley urges WTO case on China currency
WASHINGTON |
WASHINGTON (Reuters) - A top Republican senator on Thursday criticized President Barack Obama's administration for deciding not to label China a currency manipulator and called for a formal trade case against Beijing on the issue.
"Everyone knows China manipulates its currency. If the President continues to avoid acknowledging China's currency manipulation and fails to address it in a meaningful way, Congress will have to act," Senator Charles Grassley, an Iowa Republican, said in a statement.
"I reiterate my call for the administration to bring a case against China's currency manipulation at the World Trade Organization," he said.
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