• Home
  • News
    • UP 200
    • Local
    • Lansing Bureau
    • Washington D.C. Bureau
    • National
    • Insights
    • Watch 19 News Live
    • CBS News Live
    • Report News
  • Weather
    • Forecast + Conditions
    • Current Alerts
    • Interactive Radar
    • Cameras
    • Share Photos/Videos
    • Closings and Delays
  • Sports
  • Features
    • Life in the 906
    • The Yooper Goddess
WZMQ 19 News | CBS | MeTV Marquette
Clear

Marquette
Clear 39°

Clear

Escanaba
Clear 43°

Partly Cloudy

Houghton
Partly Cloudy 54°

Clear

Iron Mountain
Clear 45°

Watch
No Result
View All Result
  • Home
  • News
    • UP 200
    • Local
    • Lansing Bureau
    • Washington D.C. Bureau
    • National
    • Insights
    • Watch 19 News Live
    • CBS News Live
    • Report News
  • Weather
    • Forecast + Conditions
    • Current Alerts
    • Interactive Radar
    • Cameras
    • Share Photos/Videos
    • Closings and Delays
  • Sports
  • Features
    • Life in the 906
    • The Yooper Goddess
WZMQ 19 News | CBS | MeTV Marquette
No Result
View All Result
WZMQ 19 News | CBS | MeTV Marquette
No Result
View All Result

Bipartisan Bill Seeks to Pull Back the Curtain on China’s Currency Manipulation, Trade Tactics 

by WZMQ
July 16, 2025
A A

By Brendan Scanland

WASHINGTON, D.C. – A bipartisan duo in the U.S. Senate is taking aim at China’s currency practices. 

Senator Dave McCormick (R- Pa.) is one of the senators leading the legislative effort to push for greater transparency from China on the world stage. McCormick is teaming up with Nevada Democratic Senator Catherine Cortez Masto to introduce the China Exchange Rate Transparency Act — or CERT Act. 

The bill directs the U.S. executive director at the International Monetary Fund (IMF) to advocate for stricter oversight and transparency around how China handles its currency. 

“China is not a competitor. China is an adversary,” said Sen. McCormick. “They’re stealing our intellectual property. They’re subsidizing their exports. We don’t have fair trade with China.” 

Critics argue China’s murky exchange rate practices make its exports unfairly cheap — crippling U.S. manufacturing and deepening America’s trade dependence. 

“And that hurts American workers. It hurts American families,” McCormick said. “And it’s really devastating to our manufacturing base. And it’s making us more dependent on China, which is a huge national security problem.” 

Under IMF rules, China is supposed to avoid currency manipulation — but a recent U.S. Treasury report says Beijing still isn’t playing fair. 

“As we work and trade with countries all around the world, it’s critical that every nation follows the same rules that make our global system fair,” said Senator Cortez Masto. “I will continue to push for Communist China to be held accountable for unfair trade practices, like currency manipulation, which take advantage of the rest of the world.” 

“It creates an unfair exchange rate,” said Rep. Dan Meuser (R-Pa.). 

The CERT Act mirrors a House bill already introduced by Pennsylvania Congressman Dan Meuser. 

“It should’ve been done a long time ago,” Meuser said. “We need our Secretary of Treasury to do something about it — to weigh in with the IMF.” 

If passed, the law would pressure the IMF to increase scrutiny and hold China to its global economic commitments. The push for accountability is part of a broader strategy to curb China’s growing influence and protect American economic strength. 

“That, I think, is one of many ways that we need to change the game with China and hold them accountable and really get the upper hand in terms of the race for leadership in the world. America is uniquely positioned to do that,” McCormick said.  

Get WZMQ 19 anytime, anywhere

Download the app

AppleAndroid

Watch on TV

RokuFire TVZeam

Connect on social media

FacebookTwitterInstagram

More

Sports

NMU fourth, MTU fifth in GLIAC Volleyball Poll

August 26, 2025
Sports

WZMQ 19 Sports 11 pm 8/26/25

August 26, 2025
A family checks out at Pak Ratz
News

Pak Ratz Thrift eases back-to-school sticker shock for families

August 26, 2025
News

Insights: Aspirus discusses concussion risks as fall sports begin

August 26, 2025
The Dickinson County Board once again voted down funding for Michigan State University Extension services. The decision was made on Monday night with a 4–1 vote.
News

Dickinson County may lose 4-H

August 26, 2025
News

Protests Mount in Israel as Netanyahu Pushes Forward with Gaza City Takeover 

August 26, 2025
Next Post

Island Resort executive chef advances to final round of Casino Chef Showdown

Manistique Women’s Club donates $7,100 to Beacon House following purse auction fundraiser

  • Home
  • News
  • Weather
  • Sports
  • Features
  • Events
  • Programming
  • Station
WZMQ CBS | 19 News

© 2025 WZMQ, LLC | FCC Public File | EEO Report

No Result
View All Result
  • Home
  • News
    • UP 200
    • Local
    • Lansing Bureau
    • Washington D.C. Bureau
    • National
    • Insights
    • Watch 19 News Live
    • CBS News Live
    • Report News
  • Weather
    • Forecast + Conditions
    • Current Alerts
    • Interactive Radar
    • Cameras
    • Share Photos/Videos
    • Closings and Delays
  • Sports
  • Features
    • Life in the 906
    • The Yooper Goddess
  • Events
  • Programming
    • Programming Guide
    • CBS
    • MeTV
    • Start TV
    • Heroes & Icons
    • Court TV
    • ION
  • Station
    • About Us
    • Community Involvement
    • Mobile App
    • Meet the Team
    • Contact
    • Careers
    • Advertising
    • Request Copy of Story
    • FCC Public File
    • EEO Report
No Result
View All Result
  • Home
  • News
    • UP 200
    • Local
    • Lansing Bureau
    • Washington D.C. Bureau
    • National
    • Insights
    • Watch 19 News Live
    • CBS News Live
    • Report News
  • Weather
    • Forecast + Conditions
    • Current Alerts
    • Interactive Radar
    • Cameras
    • Share Photos/Videos
    • Closings and Delays
  • Sports
  • Features
    • Life in the 906
    • The Yooper Goddess
  • Events
  • Programming
    • Programming Guide
    • CBS
    • MeTV
    • Start TV
    • Heroes & Icons
    • Court TV
    • ION
  • Station
    • About Us
    • Community Involvement
    • Mobile App
    • Meet the Team
    • Contact
    • Careers
    • Advertising
    • Request Copy of Story
    • FCC Public File
    • EEO Report
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our privacy policy.