U.S. turns down China currency probes in two cases

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U.S. turns down China currency probes in two cases

Reuters – (Reuters) – The U.S. Commerce Department decided on Tuesday not to investigate whether China subsidizes exports to the United States by undervaluing its currency, prompting renewed calls for Congress to act on the issue.

"It's clear that China games the system by manipulating its currency," Senator Sherrod Brown said in a statement after the department announced its decision in cases involving imports of coated paper and certain aluminum products from China.

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