Saturday, January 1, 2011

United States will push a new wave of China trade sanctions

In the Sino-US military exchanges of tension, the United States Congress, said the fastest in the next two weeks to take action on China trade sanctions, the Sino-US economic relations put additional variables.

United States Congress in 9 against China in the WTO's role for hearing, Senator Schumer said in testimony, the manipulation of the RMB exchange rate cause the United States of high unemployment, millions of people displaced from China, so he urged Senators to take action immediately.

Schumer: "we will take action. In the next two weeks, I and other members planned to take action, legislation that does not take appropriate policies lead to monetary disorder of countries know the consequences. ”

It is understood that Schumer will take on China's punishment, placed in the "small business Act" for the amendment to the vote. He is confident that the Bill will be adopted by an overwhelming.

In addition, there are still many United States Congress on China trade sanctions Act was drafting, up-to-date a Bill known as the "fair trade". The Bill would prohibit United States Government consumption all Chinese-made goods and services provided by China. Bill drafting one, Senator Graham said, because the Obama administration did not dare to action, Congress must take action.

Graham: "if we don't act in 10 years, I and other members will only be able to sit at the table, complaining about a more powerful than now. ”

Experts said that the present United States Congress on China trade sanctions will accelerate and may be from the original by 2010, significantly ahead of the summer before the adjournment of the Congress.

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