Granholm Urges Treasury Secretary to Strengthen U.S. Efforts to Combat Chinese Currency Manipulation
In a letter to United States Treasury Secretary Henry Paulson, Governor Jennifer M. Granholm (D, MI) on Friday encouraged the newly-confirmed official to use his first trip to China next week as an opportunity to combat that country’s manipulative currency practices which are hurting American manufacturers.
Granholm applauded Paulson for his speech earlier this week in which he called on China to live up to its responsibilities as a member of the global economic community, including addressing trade barriers, currency manipulation, and intellectual property rights. Granholm also encouraged Paulson to stand up for manufacturers and the workers who rely on their success with as much enthusiasm and creativity as he does for emerging nations around the globe.
Granholm also welcomed today’s news that the U.S. has joined Canada and the European Union in asking that the World Trade Organization convene a dispute resolution panel to compel China to live up to its trade obligations on auto parts.
Readers can view a complete copy of Granholm's letter on-line at http://www.michigan.gov/documents/gov/Letter_to_Secretary_Paulson_9-14-06_172521_7.pdf
Granholm applauded Paulson for his speech earlier this week in which he called on China to live up to its responsibilities as a member of the global economic community, including addressing trade barriers, currency manipulation, and intellectual property rights. Granholm also encouraged Paulson to stand up for manufacturers and the workers who rely on their success with as much enthusiasm and creativity as he does for emerging nations around the globe.
Granholm also welcomed today’s news that the U.S. has joined Canada and the European Union in asking that the World Trade Organization convene a dispute resolution panel to compel China to live up to its trade obligations on auto parts.
Readers can view a complete copy of Granholm's letter on-line at http://www.michigan.gov/documents/gov/Letter_to_Secretary_Paulson_9-14-06_172521_7.pdf
