Archive | Currency

Trade Issues With China Flare Anew

Reposted from The New York Times ***** Trade Issues With China Flare Anew Keith Bradsher  |  March 12, 2012  |  The New York Times Peter Parks/Agence France-Presse — Getty Images Chinese workers assembling solar panels. HONG KONG — A month after Vice President Xi Jinping’s visit to the United States…

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China lambasts U.S. trade bill, won’t adjust yuan

Reposted from Made In USA News ***** China lambasts U.S. trade bill, won’t adjust yuan Zhou Xin  |  March 7, 2012  |  Made in USA News BEIJING (Reuters) – A U.S. trade bill targeting Chinese imports goes against international rules and Beijing will not adjust the value of its currency to…

Posted in China, Currency9 Comments

Japanese Industry Groups Press For Weaker Yen

Reposted from the Steel Business Briefing via the American Iron and Steel Institute’s Daily Business Briefing ***** Japanese Industry Groups Press For Weaker Yen Steel Business Briefing  |  February 27, 2012 To the relief of Japanese exporters their currency the yen has been weakening of late. Nevertheless, a grouping representing…

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CPA affiliate Rochester TMA letter to Rep. Tom Reed

Despite the strong bipartisan support for the House currency bill (HR 639), with a majority of the House co-sponsoring it, Ways and Means Chairman Dave Camp (R-MI) and Speaker Boehner have not brought it to a vote. Meanwhile, the Rochester Technology and Manufacturing Assn (RTMA) membership is requesting support from…

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China’s VP Visit Becomes Campaign Issue - Will Romney Ask GOP To Allow China Bill Vote?

Reposted from the Campaign for America’s Future blog ***** China’s VP Visit Becomes Campaign Issue - Will Romney Ask GOP To Allow China Bill Vote? Dave Johnson  |  February 16, 2012  |  Campaign for America’s Future As China’s Vice President Xi Jinping visits the US Republican Presidential candidate Mitt Romney…

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China responsible for bulk of the U.S. trade deficit in non-oil manufactured goods

Reposted from the Economic Policy Institute blog ******* China responsible for bulk of the U.S. trade deficit in non-oil manufactured goods Robert E. Scott | February 13, 2012 | Economic Policy Institute blog The U.S. Census Bureau recently reported that the U.S. goods trade deficit increased from $645.9 billion to…

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Letter to Representative Camp from CPA

February 8, 2012 The Honorable Dave Camp, Chairman Ways and Means Committee U.S. House of Representatives Washington, D.C. 20515 via email: [email protected] and [email protected] Re:    Recent Currency Letter to Secretary Geithner and Ambassador Kirk Dear Representative Camp: We note that you and Senator Max Baucus have recently sent a January 31…

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Toyota moves production to U.S. due to currency values

Reposted from Manufacturing Economy Daily Toyota moves production to U.S. due to currency values Bloomberg News (2/9, Ohnsman, Higgins) reports Toyota Motor “will end production of Highlander sport-utility vehicles in Japan, consolidating assembly of the model in” a factory in Princeton, Indiana. The Detroit Free Press (2/9, Snavely) reports, “The…

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Hatch Seeks Currency Provisions In TPP, Future Trade Deals To Guard Against Manipulation

Available to subscribers to World Trade Online ***** Hatch Seeks Currency Provisions In TPP, Future Trade Deals To Guard Against Manipulation World Trade Online  |   February 6, 2012 Senate Finance Committee Ranking Member Orrin Hatch (R-UT) has asked the Obama administration for its views on including a provision guarding against misaligned…

Posted in Currency, Politics2 Comments

Camp asking Obama to fix currency problem?

This is just weird or wrong or whatever.  Maybe galling is the word. Rep. Dave Camp of Michigan heads the House Ways and Means Committee.  He has refused to move the currency reform bill (HR 639, The Currency Reform for Fair Trade Act of 2011) that would neutralize China’s currency…

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