House Passes Tariff Bill to Stop China's Yuan Imbalance with U.S.
The Washington Times › September 30, 2010
Linked as:
Summary
The House on Wednesday fired a warning shot at China by passing a bill with strong bipartisan support that would raise tariffs on Chinese imports if the Asian giant keeps an artificial lid on its currency.
Republicans from industrial states joined most Democrats in giving new powers to the Commerce Department to consider whether China's policy of tying the value of its currency to the dollar, rather than allowing it to rise in response to market forces, represents an unfair trade practice.See the full content of this document
Extract
House Passes Tariff Bill to Stop China's Yuan Imbalance with U.S.
The vote was 348-79, with all but five Democrats and 74 Republicans voting in favor.
"Talk doesn't work," said House Ways and Means Committee Chairman Sander M. Levin, rejecting protests from the Obama administration - like the Bush admin...See the full content of this document
Sponsored links
