Schumer: China currency manipulation harms U.S. jobs

Sen. Charles Schumer (D-N.Y.) blasted China on Friday and said a restriction on the country's currency manipulation is the, "single biggest step," lawmakers could take to boost U.S. jobs.

Schumer has been a longstanding critic of China's alleged currency manipulation and has argued that it harms U.S. manufacturing by making Chinese products appear cheaper. Schumer said lawmakers would look to introduce legislation in coming days.

"Now more than ever, there is a consensus to finally confront China's currency manipulation," Schumer said. "It is the single biggest step we can take to promote U.S. job creation, particularly in the manufacturing sector."