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Aluminum Extruders Council supports currency manipulation legislation to address unfair trade

The Aluminum Extruders Council (AEC), Wauconda, Ill., is in agreement with the efforts and recent statement of The Committee to Support U.S. Trade Laws (CSUSTL), an organization of manufacturers, workers, and others dedicated to the preservation and enhancement of U.S. trade laws. The committee stated, “CSUSTL applauds the introduction of the Senate’s Currency Undervaluation Investigation Act (S. 433) and the House’s Currency Reform for Fair Trade Act (H.R. 820), both of which address currency manipulation.”

The Senate bill takes aim at countries like China that upend the rules of fair trade by manipulating their currency and seeks to hold them accountable for these actions. Similar legislation has been introduced in the House. The House bill also targets currency manipulators and seeks to impose countervailing duties to offset the effect of currency manipulation on U.S. industry.