Ex-US trade officials urge measured approach to China currency
Sep 21, 2010 | 02:24 PM
Eight former U.S. secretaries of Commerce and U.S. trade representatives have written to House Speaker Rep. Nancy Pelosi (D., Calif.) and other congressional leaders urging a diplomatic approach to China currency issues.
The letter, sent this week, runs counter to the hopes of the U.S. steel industry, which is pushing for passage of H.R. 2378, a bill that would apply stiff anti-dumping and countervailing duties to unfairly traded foreign exports in an attempt to stop currency misalignment.
The letter, however, comes as no surprise to some in steel, even though the former officials express in it their frustration that China has not moved more quickly to allow its currency to reflect market influences.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.