September 14, United States dozens of agricultural and commercial organizations urge Congress not to adopt a Chinese RMB bills impose special tariffs.
Including the u.s., United States Soybean Association and the United States meat Association, 36 home industry organizations wrote a letter to Congress, said that "We strongly oppose the use of anti-dumping or countervailing duty law to handle the annoyance several years of monetary issues", the Renminbi exchange rate proposal would "make the United States in violation of WTO rules of commitment".
Recent congressional midterm elections approach, the domestic political pressures increase, the United States Congressmen and commercial organizations once again stirred the Renminbi exchange rate issues. They claimed that the increase of RMB against the dollar, the currency continued to be severely underestimated, and this makes the Chinese manufacturers in the United States market gained unfair advantage of the prices, resulting in the United States lost millions of jobs.
People's Bank of China this year, announced on 19 June, according to the domestic and international economic and financial situation and the China international balance of payments situation and decided to further advance the reform of the Renminbi exchange rate mechanism, the enhancement of the RMB exchange rate flexibility.
The Chinese Government has repeatedly stressed, the Renminbi exchange rate issue is not caused by us trade imbalance, hope that the United States and China to take positive and constructive manner to promote the bilateral economic and trade relations and stable development, rather than the issue of the RMB.
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