Manufacturing Industry
Concerns over China rising in Washington.(Opinion)
Plastics News, April, 2005
Those who favor a tougher line on trade with China are crowing over a recent development on Capitol Hill. In a show of strength that surprised even supporters, advocates of steep tariffs on Chinese imports were able to flex their political muscles and get Congress to schedule a vote on one of their proposals.
Senate leadership agreed April 7 to allow a vote before the end of July on legislation from Sens. Charles Schumer, D-N.Y., and Lindsey Graham, R-S.C., that would impose 27.5 percent tariffs on Chinese imports if the country doesn't revalue its currency within six months. The agreement came because Schumer and Graham were able to force their controversial proposal onto unrelated foreign affairs legislation. Some other senators tried to remove it, but...
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