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Charles Schumer, US senator from the state of New York, is threatening legislation to punish China for manipulating its currency.
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'It's clear that China games the system by manipulating its currency, ' Sen. Sherrod Brown (D. , Ohio) said in a statement Tuesday.
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Gone too, it seems, is the assertiveness Timothy Geithner showed in January when he accused China of manipulating its currency.
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When many Americans think of China, they think of a rising rival accused of manipulating its currency and siphoning U. S. jobs.
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U. S. officials have accused China of unfairly manipulating its currency, harming the U. S. economy.
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Earlier, Tim Geithner, the new treasury secretary, accused China of "manipulating" its currency, prompting snarls from Beijing.
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DAVIDSON: That's Tom Duesterberg, who runs the Manufacturers Alliance, a trade group that wants China to stop manipulating its currency.
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Above all, it is cheating by manipulating its currency, suppressing the value of the renminbi to make its exports super-competitive.
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