On the recordOctober 6, 2011
If a manufacturing company in Dayton is competing with the Chinese company to manufacture a widget, they can, on the currency alone, more than have an advantage shipping the product from China here--a 25-percent advantage. As we know, in modern trade and sales today, margins are very small, and 25 percent is a huge margin that would be provided by the currency alone. Then we have the things that are done in trying to block our companies from moving and selling there. To go beyond currency, it adds to the price of our goods if we attempt to sell them in China. This is not a two-way street. I believe that any rational government should not allow its manufacturing industry and its workers to be subjected to such unfair practices. We have an absolute responsibility to stand up and fix it. The best way to do it is the bill that Senators Schumer, Graham, Brown, and others have offered. It will do it in a rational, effective way. Other alternatives are less effective and will not do the job. It is time for us to do it now. I yield the floor and reserve the remainder of our time. The PRESIDING OFFICER. The Senator from New York.
