On the recordSeptember 29, 2010
Mr. Speaker, international trade is here to stay. The question before us today is whether we shape its course or simply let it roll--whether there are rules of competition that allow us to compete or whether we look the other way. A 25-40 percent tilt against us is unacceptable. This bill says we cannot and will not look the other way. We are going to act. I say the more multilateral effort the better, but the lack of it should not leave us without a remedy. China's manipulation of its currency is a major unilateral act, and we need to act. The President of our country said to the Chinese Premier, ``Make your currency flexible or we have other means.'' This is just such a means. This is a real problem. No more excuses. Goodwill isn't enough. We need a real answer. This is a real answer. Support this legislation.





