We borrow most of our money from China to pay our bills, and one of the biggest bills we pay is buying oil from overseas.
Lindsey Graham
The Public Record
Lindsey Olin Graham is an American politician serving as the senior United States senator from South Carolina since 2003. A member of the Republican Party, Graham has been a prominent figure in national politics, known for his work on issues such as national security, foreign policy, and judicial appointments. He has played a key role in various legislative efforts and has been an outspoken advocate for military support to Ukraine in recent years.
I hope the Congress, the Democratic and Republican leadership, will get behind this bill because the time is long overdue to act.
there is no doubt that China is managing its currency to maintain it an undervalued rate.
Our companies in Ohio and South Carolina are losing market share not because they are being outworked. They are being out manipulated.
If it is 25 to 40 percent below its true value, that means that a product produced in China... is getting a reduction in the cost of producing goods in China.
Past U.S. administrations had refrained from identifying Beijing as a 'currency manipulator'.
They literally recruit millions of workers, put them in high-rise apartment buildings and set their wages, in a way that could never happen here.
The current behavior of the Chinese government of manipulating the value of the yuan against all other currencies has a devastating effect in terms of the global economy.
If China were some island nation... manipulating their currency to kind of seize a market just to stay in business for a while, that would be OK with me.





