economists say Chinese currency is still undervalued against the dollar by as much as 40 percent.
Sens. Chuck Schumer, D-N.Y and others say that's a major reason that some 2 million U.S. jobs have been lost to Chinese competitors in the last decade and that the U.S. trade deficit with China last year hit a record $273 billion, some 43 percent of the entire U.S. trade gap.
Read more: http://www.businessinsider.com/senate-takes-up-bill-to-punish-china-for-...
Help save and create new jobs by making Chinese pay tariff as long as they are manipulating their currency. The tariff will also create new revenue for your government.