AISI Says Treasury Report on Currency Extremely Disappointing

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For Immediate Release
October 19, 2015

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

WASHINGTON, D.C. – AISI President and CEO Thomas J. Gibson issued the following statement regarding the Obama Administration’s announcement, in a semi-annual Treasury Department report issued today, that it would not label China as a currency manipulator:

“China continues to intervene directly in foreign exchange markets to control the value of the yuan versus the U.S. dollar, making its exports more competitive and imposing an additional barrier to imports. Yet the Treasury Department continues to avoid acknowledgement of this fact. AISI is extremely disappointed that the U.S. Treasury has once again side-stepped its obligation to address China’s currency manipulation. ” 

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