Page 7 - Currency Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> all prices will go up 25%. >> the problem is as you know, china is ripping us left and right with a manipulation of their currency. if they didn't manipulate their currency where we were competing one on one, i would say absolutely, i wouldn't even think about the tax. but they make it impossible for our people, our companies to do business to comipete. when i build a building half of these products are coming from china! it is very hard for company os to compete. i would oppose that tax if they didn't stop manipulating their currency. >> are you saying the only way to fix the currency issu...

Threatening to run under the banner of another party if they don't get it. it is not the way to win the hearts of the hard core primary votes. >> if you don't elect me i will make sure i lose. >> one thing he said is true. he could derail the republican candidate. i think this is a ploy to becoming ambassador to the vatican. >> not a bad job. welcome to the show. always nice to have a pleasant face here. he prides himself on being a dedicated capitalist. what do you think? is he really? >> i love his rhetoric. he is straight on. they called him a boxer. he is hitting the issues. he is straight...

Maybe i'm naive. >> well i don't suggest that you're naive. you're well informed. not naive, but tell you this though from a practical standpoint, it would take an extraordinary revolution, for example as to say, if you decide to move a job to singapore becauseio can get it for $20 rather than $20 a day, result in a continuation of 20% unemployment to the extent you do, we're going to make sure you don't get any break on terms of taxes and that nature. >> senator levin has a bill right now out of michigan to deal with the currency issue. chuck schumer has built a deal with the currency issue. ...

Visit. that's important symbolism is very important. and look at how the chinese are reporting it here, calling it a diplomatic masterstroke. saying it's contributing to world peace. this has been a very testy relationship over the past year. richard has touched on some of the issues there with the economy. the currency issue, the trade imbalance between the u.s. and china. but also the military build-up of china, the tensions over north korea. what they're saying is that hu jintao has walked that back a bit and has tried to right this relationship. he's getting a lot of credit for it. >> rich...

Only an official visit, symbolism is very important. look how the chinese are reporting it here, they're saying he's contributing to world peace. this has been a testy relationship, as you know. richard's touched on some of the issues of the currency issue, the trade imbalance between the u.s. and china, but also the tensions over photocopnorth kor they're saying is hu jintao trying to right this relationship. >> richard, you've seen it all. did anything about this visit and the meeting between president's hu and obama, anything surprise you or impress you in particular about it? >> i think it...