China Currency Prompts Lawmakers’ Ire, Disagreement on Remedies

U.S. lawmakers faulted China’s currency policy as predatory as they disagreed on the need for legislation that would punish China for keeping its currency undervalued.

Representative Tim Ryan, an Ohio Democrat and co-sponsor of legislation letting companies seek duties on Chinese imports, said China is violating trade laws and the bill would give the U.S. tools to combat undervalued currencies.