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Momentum is building now – Romney will capitalize on it to label China as a currency manipulator
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Momentum is building now – Romney will capitalize on it to label China as a currency manipulatorCNBC 12 Li Anne Wong and Jean Chua. “Will Yuan's Decline Reignite Trade Tensions With US?” Aug 21, http://www.cnbc.com/id/48734436 The yuan’s recent decline, the first in seven years, is raising eyebrows among U.S. politicians and sparking concerns that the weakening currency could trigger another round of nasty bickering between Beijing and Washington.¶ The renminbi [CNY 40.92 -0.0025 (-0.01%) ] has fallen one percent against the U.S. dollar so far this year, after appreciating 22 percent since 2005 when China abandoned the currency’s peg to the greenback. Analysts say the development could further the case for U.S. lawmakers, who havelong held the belief that China is keeping its currency artificially cheap, giving the country’s own exports an unfair advantage.¶ Already, the rumblings have begun. Mitt Romney, the U.S. Republican presidential candidate, has dragged in the issue in the race for the White House, declaring to voters that the U.S. will adopt a tougher stance and accuse China of currency manipulation.¶ Frank Lavin, former Under Secretary of Commerce for International Trade from 2005 to 2007, said the yuan issue “is not going away” and will “surface intermittently in these final three months” of the U.S. presidential elections.¶ “There is a view in a segment of the electorate that the Chinese have artificially manipulated their currency to gain an unfair advantage,” Lavin said. “In a political season, this view can take on a populist tone and be turned into general criticism of the Obama administration.” Directory: download -> Northwestern Northwestern -> 1ac – Heg Advantage Northwestern -> I emphasize this point because Northwestern -> 1nc Off-Case *Off Northwestern -> China da 1NC Northwestern -> Congressional oversight is necessary for a pragmatic, flexible approach to threats executive discretion results in knee-jerk policy failure Northwestern -> A. Interpretation and violation the affirmative should defend topical action grounded in the resolution Northwestern -> Advantage 1 is accountability Northwestern -> Contention 1: internment the Internment Cases have not been analyzed by modern courts yet Northwestern -> “Armed Forces” means the Army, Navy, Air Force, Marine Corps, and Coast Guard Northwestern -> Security is a psychological construct—the aff’s scenarios for conflict are products of paranoia that project our violent impulses onto the other Download 153.9 Kb. Share with your friends:
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