Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise in support of H.R. 692, the China Exchange Rate Transparency Act, sponsored by Representative Meuser. China has a history of devaluing its currency against the U.S. dollar, making its exports unfairly cheap and harming American small businesses. One way to confront this is to impose greater accountability on China through the International Monetary Fund. This bill would require the U.S. to press the IMF to report on the impact of China's exchange rate policies on key IMF tools and consider whether China has been a responsible partner in the international monetary system when evaluating China's voting power at the IMF. While these are sensible actions that Congress can take to prevent China from using its currency as an economic weapon, they seem like a small step given the big threat. I don't mean solely the very real threat from an aggressive China. I mean, the threat from Donald Trump, whose comments and actions are all designed to weaken America's power on the global stage. Trump is withdrawing America from global organizations such as the World Health Organization and parts of the United Nations. Trump is attacking our allies like Colombia and Canada, making our friends question whether they are better off in a world with America in the lead. Trump is starting what even The Wall Street Journal calls is the dumbest trade war ever, driving our partners away from our markets and the U.S. dollar.…”