News Home
Quick Bites
News Archive
News Channel
Special Features
On AirNewsClassical
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Don Drumm Studios

Wayside Furniture


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )

Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business

Ohio's U.S. senators push issue of currency manipulation in bills, hearings
Brown and Portman says American manufacturers can complete is rules are fair

Web Editor
M.L. Schultze
Sherrod Brown says the $24 billion trade deficit with China is built partly on currency manipulation.
Courtesy of WKSU
Download (WKSU Only)
In The Region:

Both of Ohio’s senators are taking aim this week at what they call the unfair trade practice of currency manipulation. The question is whether their Republican and Democratic counterparts in the House see it their way. WKSU’s M.L. Schultze has more.

LISTEN: Currency and trade debate

Other options:
Windows Media / MP3 Download (1:27)

Ohio Sen. Sherrod Brown has long maintained that the Chinese artificially keep the value of their currency low: Exchange rates  make it cheaper for them to sell products in the U.S. and more expensive for U.S. manufacturers to sell there.

In his weekly conference call with reporters yesterday, the Democrat announced he’s introducing a bill to use U.S. trade law to oversee currency exchange rates. He’s tried it last year, and got nowhere with the House. But that, he notes, was an election year.

“This year’s different because a whole lot of small businesses understand and talked to their House members about the importance of this legislation. I have no doubt that if this is brought to the House floor we’ll get at least 250, probably 300 votes.”

Brown has pounded primarily on China. But Ohio’s other senator, Republican Rob Portman, says other countries have played games with currency, a point he raised in a Senate Finance Committee hearing yesterday with President Obama’s nominee for trade representative, Michael Froman.

“The decision by the Japanese, as an example, to intervene in their currency and devalue their currency means that cars coming from Japan are less expensive than they would otherwise be. … For a $30,000 car, it would be a $6,000 difference in price.”

Opponents of bills like Brown’s say the Chinese have been improving their record and that such bills could spur a trade war.  The U.S. trade deficit with China was $24 billion in April.  

Add Your Comment


E-mail: (not published, only used to contact you about your comment)


Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook

Stories with Recent Comments

Kimono canvas makes rare trip outside Japan
Hi! There is some mis-information regarding Itchiku Kubota's showing of his work. The first time his work was shown, was not in 1995 at the Smithsonian, but was...

Kasich campaign evokes dark images of a Trump presidency

Backers of legalizing marijuana in Ohio promise to be back in 2016
We should be aloud to grow more than 4 plants and not have to register with the state considering it will be a free market.

Akron says it's had no second thoughts about welcoming refugees
What business does Councilman Neal own on North Hill? I'd love to support him. I am so glad to have the refugees in our neighborhood. I have lived here for 25 ...

Scarborough says the University of Akron is trying to rebuild relationships
In order for the University of Akron to grow and become a desirable place for students across Ohio and elsewhere, it must address the crime problem in the Akron...

Ohio Sen. Cliff Hite wants to end pay-to-play sports fees at Ohio's schools
You can bet Hite and Husted will also rush to the rescue of the Academic Challenge team, the speech-and-debate squad, the Science Olympians and the chess club. ...

Ohio lawmakers consider new gun bills
States that have gun restrictions/cities have reduced gun violence is false. CHICAGO has some of the toughest gun laaws/restrictions but yet fun violence is off...

Cleveland's public transit system considers fare increase for 2016
I work with individuals with disabilities. Yes some of my folks need more help than the average person. As a whole, the group I work with however can manuver ju...

Community group sues to re-open part of Wadsworth hospital
My father was part of the founding group of citizens which started the "new" Wadsworth/Rittman Hospital. For some reason the leadership for the future of the ho...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University