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Ways and Means Chairman Sander Levin Blasts Dave Camp Over Yuan
Date: 10/7/2010
Written By: Politico, By Simmi Aujla

Excerpt: The chairman of the House Ways and Means Committee lambasted its top Republican Thursday for not fully supporting a Chinese currency measure, saying he's ignoring the concerns of American manufacturers. Rep. Sander Levin (D-Mich.) called out Rep. Dave Camp (R-Mich.), who's expressed concerns about the Chinese evaluation measure passed last week by the House that would allow the Commerce Department to impose tariffs on China if it doesn't strengthen its yuan. A stronger yuan would decrease the gap between prices for Chinese and American goods and make American products more attractive. The House approved the measure, 348-79, with dozens of rank-and-file Republicans supporting it because it's popular back home in manufacturing districts. Camp voted for the legislation. But later the same day, in comments before the National Foreign Trade Council, he said the measure was not enough to maintain the country's competitiveness and was not on his trade agenda.