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Congress should amend countervailing duty law so that unfair currency manipulation will be taken into consideration when calculating countervailing duties.

Market forces, not government intervention, should set currency markets, yet too many nations—led by China—manipulate their currencies to achieve competitive advantage. To address this, Congress and the President should sign legislation that would require retaliatory tariffs on nations found to have misaligned currency. Further, Congress should amend countervailing duty law so that unfair currency manipulation will be taken into consideration when calculating countervailing duties