{"id":59,"date":"2011-01-11T14:29:35","date_gmt":"2011-01-11T19:29:35","guid":{"rendered":"http:\/\/citizenstrade.org\/draft\/currency-manipulation\/"},"modified":"2011-05-18T05:23:42","modified_gmt":"2011-05-18T09:23:42","slug":"currency-manipulation","status":"publish","type":"page","link":"https:\/\/www.citizenstrade.org\/ctc\/trade-issues\/currency-manipulation\/","title":{"rendered":"Currency Manipulation"},"content":{"rendered":"

Currency manipulation is an illegal practice whereby a nation artificially sets exchange rates in order to gain an unfair advantage in the global trading system.<\/p>\n

Many U.S. trading partners seek unfair advantages by keeping the U.S. dollar artificially high, and their own currencies artificially low, effectively subsidizing exports and enacting tariffs. <\/p>\n

By some estimates, China\u2019s Yuan is undervalued by as much as 40 percent in comparison to the U.S. dollar.<\/p>\n

Articles & Statements<\/strong>
\nObama\u2019s Yuan Calls May Cause Collision With China<\/a> Bloomberg, Nov. 6, 2008
\nChina Rejects Obama Claims of Currency Manipulation<\/a> Voice of America News, Oct. 30, 2008
\nStabenow, Bunning, Bayh Introduce Legislation Geared Toward Ending Currency Manipulation by China<\/a> April 3, 2008
\nChinese Currency Manipulation Puts Stranglehold on Middle Class<\/a> The Hill blog, Nov. 1, 2007<\/p>\n

“Buy, Buy American Pie”<\/a>, a parody by the Capitol Steps, is a funny yet sobering short video of Uncle Sam pointing out the problems with buying cheap products from China.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Currency manipulation is an illegal practice whereby a nation artificially sets exchange rates in order to gain an unfair advantage in the global trading system. 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