Friday, June 17, 2011

House Democrats push for vote on China currency


House Democrats push for vote on China currency

News Link  •  China

06-16-2011  •  Reuters 
Read Full Story




The bill would clear the way for the U.S. government to consider currency undervaluation as a subsidy that can be offset with U.S. countervailing duties on Chinese goods.



While only a small portion of Chinese exports to the United States would likely be affected, the legislation would encourage U.S. companies to file more trade cases against Chinese competitors, analysts have said.

No comments:

Post a Comment