WASHINGTON, D.C. - Ways and Means Trade Subcommittee Chairman Sander M. Levin (D-MI) issued the following statement following the Treasury Department’s issuance of its semi-annual Report to Congress on International Economic and Exchange Rate Policies:
“At the G-20 meeting in Pittsburgh last month, world leaders in their statement took an encouraging and long overdue step. They recognized the need to address global trade imbalances, to avoid another world economic crisis," said Trade Subcommittee Chairman Sander M. Levin. “Currency manipulation contributed significantly to the global trade imbalances. I hope that, with strong leadership from the United States, the G-20 nations and our international institutions will undertake what has been missing -- a focused, sustained, and meaningful multi-lateral engagement to address currency manipulation and current imbalances."
