American Iron and Steel Institute President and CEO' Thomas J. Gibson expressed dismay at U.S. Treasury Secretary Timothy Geithner's decision to delay the semi-annual International Economic and Exchange Rate Policies Report to Congress. "While we are heartened by the administration's decision to accept the section 301 petition on green technology issues, we are very disappointed with the decision to delay the currency report, once again failing to seize the opportunity to name China as a currency manipulator. China's currency undervaluation gives its manufacturers as much as a 40 percent subsidy for its exports, which has greatly harmed American manufacturers at the cost of millions of high-value American jobs," says Gibson of the Washington, D.C.-based AISI.
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