Sioux City Times

WASHINGTON, D.C. – U.S. Representative Randy Feenstra, representing Hull, has voted in favor of the China Exchange Rate Transparency Act, which has been passed by the U.S. House of Representatives. The act aims to address China's currency manipulation practices, which have had detrimental effects on international trade.

In a statement, Rep. Feenstra expressed his concerns about China's disregard for fair trade practices, stating, "China doesn't play by the rules - never has and never will." He highlighted the issue of China's manipulation of its currency to artificially lower the price of goods, creating an unfair advantage for Chinese manufacturers and distorting global trade.

Rep. Feenstra emphasized the negative impact of currency manipulation on Iowa farmers, their incomes, and their ability to sell their high-quality products worldwide. He stated, "Currency manipulation particularly impacts Iowa farmers, their wallets, and their ability to freely sell their high-quality products all over the world."

Furthermore, he stressed his commitment to protecting American farmers and businesses from China's unfair tactics. Rep. Feenstra asserted, "I won't let China take advantage of our farmers for their own financial gain. That's why I voted to hold China accountable for unlawfully manipulating their currency and putting American farmers and businesses at a competitive disadvantage in global markets."

Rep. Feenstra has been a prominent advocate for banning China from purchasing American farmland and has vowed to continue his work in protecting the economic interests of American families, farmers, and businesses. He affirmed, "As the top advocate in Congress for banning China from buying our farmland, I will continue my work to protect the economic interests of American families, farmers, and businesses over China's deceitful actions."

The China Exchange Rate Transparency Act, passed with Rep. Feenstra's support, demonstrates the U.S. government's commitment to addressing currency manipulation and ensuring fair trade practices. This legislation aims to level the playing field for American farmers and businesses, enabling them to compete on an equal footing in global markets.

In conclusion, Rep. Randy Feenstra's vote for the China Exchange Rate Transparency Act reflects his dedication to holding China accountable for its currency manipulation practices. By taking a stand, he aims to protect the economic interests of American farmers and businesses, ensuring fair competition in international trade.