Daily News

Sen. Graham says China is manipulating currency to avoid tariffs, plans legislation

August 08, 2018
Sen. Lindsey Graham (R-SC) on Monday alleged that China was devaluing its currency to avoid the pain of U.S. tariffs and said he planned to push legislation to combat the practice. “They’re doing this to offset the harm they’re feeling from the U.S. tariffs,” he told reporters after touring a plant in Anderson County, SC. Graham said China had devalued its currency by nearly nine percent in a month and that he planned to speak with President Trump about reintroducing...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on the trade relations with China and the changes being made by the Trump administration.