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going to happen to sanctions on iran. the chinese are not doing us a big fiver in doing that, it is not in their interest to have iran with nuclear weapons. the steel industry could provide a lot more jobs in my state and across the country. the trade imbalance is $337 billion. chinese imports to the united states about a fifth of that from the u.s. to china. so i would like to see our system on a level playing field before we talk about more federal subsidies. chris: but having said that, senator specter, i m sure you know that the treasury department announced yesterday they will delay their report about whether or not the chinese are manipulating their currency. some people think that may have something to do with our effort when president hu is going to be in the united states to try to get him on board for iran sanctions. i take it you don t think that the obama administration is

Big fiverTrade imbalance337 billion37 billionChris wallaceSenator specterTreasury departmentLevel playing fieldPresident obama