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Strategies & Market Trends : China Warehouse- More Than Crockery
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To: RealMuLan who wrote (696)9/9/2003 4:06:44 PM
From: RealMuLan  Read Replies (2) of 6370
 
Senators want tariffs against China in currency dispute

By MARY DALRYMPLE, ASSOCIATED PRESS

WASHINGTON (AP) - A group of Republican and Democratic senators said Tuesday they will push for tariffs on imports from China if the Chinese government does not take steps toward letting its currency float freely on world markets.
"It's a shot across the bow," said Sen. Jim Bunning, R-Ky.
Chinese goods would face a 27.5 percent American tariff and China would lose its special trading status under the senators' bill, designed to prod China into changing its currency practices.
newsobserver.com
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