Geithner Hints at Harder Line on China Trade (Published 2009)

WASHINGTON � Timothy F. Geithner, who moved closer to confirmation as Treasury secretary on Thursday, told senators that President Obama believed China was “manipulating” its currency, suggesting a more confrontational stance toward that country than under the Bush administration. Mr. Geithner’s comment was made in writing to the Senate Finance Committee hours before it voted 18 to 5 to recommend

[takaramen]

" Timothy F. Geithner, who moved closer to confirmation as Treasury secretary on Thursday, told senators that President Obama believed China was “manipulating” its currency, suggesting a more confrontational stance toward that country than under the Bush administration."

[doopylily55]

“President Obama backed by the conclusions of a broad range of economists believes that China is manipulating its currency,” Mr. Geithner wrote. That stopped short of a charge that China is manipulating its currency intentionally to gain an unfair trade advantage, as the 1988 trade law requires