Inouye Sides With GOP Speaker Against China Currency Penalties
WASHINGTON — Sen. Daniel Inouye says Congress should keep out of discussions with China over how it undervalues its currency to gain a trade advantage with the United States.
Inouye's position represents a rare instance in which the Democrat is siding with Republican House Speaker John Boehner. Both Inouye and Boehner on Tuesday voiced opposition to a bill that would impose trade penalties on China.
"This issue is now being carefully and effectively carried out by the appropriate agencies," Inouye told Civil Beat in an interview Tuesday. "They've been discussing this matter. You know, you can pass resolutions around here condemning somebody, and you just anger them."