Obama takes tough stand on China
Nov 14, 2011 | 06:11 PM
| Catherine Ngai
Tags
China,
U.S. trade war,
currency manipulation,
APEC summit,
Asia-Pacific Economic Cooperation summit,
Leo Gerard,
USW,
United Steelworkers
NEW YORK — President Obama pushed China to revalue its currency at a leadership summit over the weekend in one of his boldest moves yet to get the Asian nation to meet its political and economic responsibilities.
"There’s been a slight improvement over the last year, partly because of U.S. pressure, but it hasn’t been enough," Obama said Saturday during the Asia-Pacific Economic Cooperation (APEC) summit in Honolulu. "It’s time for them to go ahead and move toward a market-based system for their currency. The United States and other countries . . . feel that enough is enough." ....
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