Level the field for U.S., China
Our manufacturing sector is one of the strongest in the world, so it’s no surprise that Chinese consumers seek American-made goods (“Survey shows more Chinese want U.S. label; Researcher cites perception of quality, strength of brands,” Nov. 28).
But American manufacturers could sell even more products overseas — particularly to China — if we level the playing field.
China’s blatant currency manipulation — the act of undervaluing its currency, effectively to subsidize its exports — drives American companies out of business, costs Ohio jobs, and undermines our economy.
To keep U.S. manufacturing moving forward, Washington also needs to promote innovation that drives new investments in Toledo and throughout Ohio. That’s why I’m committed to leveling the playing field for American workers by fighting back against our trade partners, such as China, that cheat by dumping goods in our markets and undervaluing their currencies.
My bipartisan legislation, the Currency Exchange Rate Oversight Reform Act, is the biggest jobs bill to pass the Senate in recent years. It would crack down on countries that believe they’re exempt from the rules.
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