House Speaker John Boehner (R-Ohio) sharply criticized Senate legislation to target China over the valuation of its currency, calling it “a pretty dangerous” move for the Congress to make.
Senate Majority Leader Harry Reid (D-Nev.) has prioritized the legislation, which would allow U.S. companies to slap tariffs on companies from any country whose currency valuation is deemed to be out of alignment. Leaders in both parties have accused China of intentionally devaluing the yuan to gain an unfair trade advantage.
Bob Huff, California State Senator Dwight Mckissic, Pastor at Cornerstone Baptist Church Delman Coates, Pastor at Mt. Ennon Baptist Church Suzanne Somers