On China, Obama Says US Must Address Currency Rates
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On China, Obama Says US Must Address Currency Rates
Shilo Wed Feb 03, 2010 6:20 pm
February 3, 2010 · Posted in NEWS
Wed Feb 3, 2010 10:43am EST President Barack Obama said on Wednesday China and Asia would be a huge market for U.S. exports going forward but it would be important to address currency rates to ensure American goods were not facing a disadvantage.
WASHINGTON, Feb 3 (Reuters) -
“One of the challenges that we’ve got to address internationally is currency rates and how they match up to make sure that our … goods are not artificially inflated in price and their goods are artificially deflated in price,” Obama told senators from his Democratic party.
“That puts us at a huge competitive disadvantage.”
(Reporting by Jeff Mason)
http://www.reuters.com/article/idUSW…dsNews&rpc=401
Wed Feb 3, 2010 10:43am EST President Barack Obama said on Wednesday China and Asia would be a huge market for U.S. exports going forward but it would be important to address currency rates to ensure American goods were not facing a disadvantage.
WASHINGTON, Feb 3 (Reuters) -
“One of the challenges that we’ve got to address internationally is currency rates and how they match up to make sure that our … goods are not artificially inflated in price and their goods are artificially deflated in price,” Obama told senators from his Democratic party.
“That puts us at a huge competitive disadvantage.”
(Reporting by Jeff Mason)
http://www.reuters.com/article/idUSW…dsNews&rpc=401
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