Casey: White House and Congress Need to Crack Down on China

In Light of China’s Growing Trade Surplus with U.S., Calls on House to Pass Currency Legislation

Remarks Follow Casey Letter to Geithner in Advance of China Trip

WASHINGTON, DC – U.S. Senator Bob Casey (D-PA), Chairman of the Joint Economic Committee, released the following statement:

“We now have further evidence that our trade relationship with China is headed in the wrong direction. China’s surplus with the U.S. hit a record $202 billion in 2011.  The White House and Congress need to get tough on China.  That is why I urged Secretary Geithner last week to press this with Chinese officials on his trip and I have repeatedly urged the House to pass the bipartisan currency legislation. As we prepare for the Senate to return to work, I will continue to fight for one of the most effective tools we have to level the playing field for Pennsylvania workers – cracking down on China’s currency manipulation.”

China’s General Administration of Customs announced that its trade surplus with the United States increased to $202 billion from $181 billion in 2010.

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