So my concern is that when China pegs its exchange rate artificially low, it results in a situation where they are able to sell their products at an artificially low price to the world, which means that they out-compete us, which means we lose manufacturing jobs in America.
Michael Bennet: “So my concern is that when China pegs its exchange rate artificially low, it results in a situation where they are able…”
Editor's note · Context
Bennet discusses the impact of China's currency manipulation on American manufacturing jobs.
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