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Currency bill fuels import tariff push against China
The Senate considers a bill allowing higher tariffs if China keeps the yuan undervalued, a move backed by Democrats but blocked by Republicans on amendments. Obama and lawmakers argue the yuan manipulation harms U.S. jobs, with industry groups predicting millions of lost positions and trade tensions if China retaliates.
MENTIONED IN THIS ARTICLE
China
Senate
Harry Reid
Mitch McConnell
U.S
Sen
Lindsey Graham
R-S.c
Chuck Schumer
D-N.y
House
John Boehner
Ohio
Barack Obama
United States
Alliance For American Manufacturing
Bruce Josten
U.S. Chamber of Commerce
Erin Ennis
U.s.-China Business Council
Vietnam
Bangladesh
Foreign Ministry
Ma Zhaoxu
World Trade Organization
China-U.s
Senate Foreign Relations Committee
John Kerry
Dmass
United States Senate