The Obama administration has concerns about Senate Democrats’ push to challenge China over the value of its currency, the president’s spokesman said Wednesday.
“Aspects of this legislation do … raise concerns about consistency with our international obligations, and we are in the process of discussing those issues with members of Congress,” said presidential press secretary Jay Carney.
He added that the administration shares the legislation’s goal of seeking a more-level trade playing field with China.
It was the administration’s most specific position yet on the bill, which Senate Majority Leader Harry Reid, Nevada Democrat, has been pursuing instead of working on the president’s $447 billion jobs package.
Speaker John A. Boehner, Ohio Republican, has said it would be “pretty dangerous” to force another nation to deal with the value of its currency. Some lawmakers also have said they fear the action could ignite a trade war with China.