China Currency Showdown

As many as 3 million jobs are being lost as a result of China's unfair trade practices, including currency policies that make Chinese goods sold here artificially cheap and U.S. goods sold in China more expensive. The posts on this page will help you understand and communicate the connection between China's currency practices and unemployment here at home.


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The Next Debate: China and Trade Deficit

By Dave Johnson
October 19, 2012

Monday's final campaign debate focuses on foreign policy. Will it focus on our policy of running huge trade deficits with China? Every dollar of trade deficits makes our country a dollar poorer. That trade deficit is the deficit that our Washington elites should be worried about.

The China Trade Deficit

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Romney Etch-A-Sketching On China Currency

By Dave Johnson
June 15, 2012

Yesterday in Ohio candidate Mitt Romney said he would clamp down on China's currency manipulation. Today he is still not asking the House Republicans to bring the China currency bill up for a vote. Mr. Romney has the opportunity to demonstrate leadership and put his actions where his campaign words are -- or not. more »

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China Currency Fight In Congress

By Dave Johnson
September 29, 2011

The fight to get China to stop their currency manipulation is heating up. China keeps its currency very low, giving their goods a huge price advantage even before all their other trade manipulations come into play. This costs us jobs, factories, companies and entire industries. Now the Congress is taking steps to force them to stop. more »

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G-20 On Currency -- Maybe In November

By Dave Johnson
October 25, 2010

The G-20 is trying to calm fears of a currency war and will take up currency problems again when leaders meet in November.

Bloomberg: G-20 to Avoid `Competitive Devaluation,' Prod China, more »

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How "Free Trade" Led To Currency War

By Dave Johnson
October 6, 2010

President Lyndon Johnson is said to have commented that the press is like birds sitting on a telephone line. When one flies away, they all fly away. more »

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More Consensus On Confronting China

By Dave Johnson
October 5, 2010

A new example today of the consensus that has formed on confronting China's trade practices: At the America’s Fiscal Choices conference today economists Paul Krugman, Martin Feldstein and Jan Hatzius all agreed on the need for the dollar to fall. more »

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Is There A Currency War?

By Dave Johnson
October 4, 2010

Is there a currency war going on? Yes, it has been going on for some time. It's up to China to end it. more »

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Consensus Grows: Confront China On Trade

By Dave Johnson
September 27, 2010

In the day-to-day news about trade problems with China the bigger picture can get lost. America is giving up its competitive position in industries of the present and future and it is costing us. more »

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House Committee Approves China Currency Bill

By Dave Johnson
September 24, 2010

The House Ways and Means Committee just approved a bill that pushes China to raise the value of its currency. It looks like the bill will go to a vote on the House floor next week. This is a very big deal because it is a "second front" pushing China to bring its currency to market rates. more »

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China Currency Bill Moves -- Why Some Corporate Interests Oppose

By Dave Johnson
September 23, 2010

As President Obama meets with Chinese Premier Wen, the House Ways and Means Committee announces it will vote tomorrow on a bill to take action if China does not bring its currency to market rates. This sends a loud and clear signal to China that action is coming, one way or another, and they are going to have to make adjustments. more »

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