Anti-Trade Protectionist Coalition Begs U.S. Trade Negotiator to Undermine Importer Profits

The so-called China Currency Coalition, a collection of unions, domestic manufacturers, and other anti-trade stakeholders, issued a statement about a letter the group recently sent to United States Trade Representative Robert Zoellick. It appears the protectionists are angry that the administration would not cave to their ridiculous demands that the U.S. pursue a policy of economic isolationism. This powerful lobbying group is one of the biggest thorns in the side of importers who earn a handsome living based on the undervalued Chinese yuan. We'll be watching them closely to see where else they rear their ugly heads.