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China warns of countermeasures if US passes trade bill »

Posted by: Aidenag 2 years, 4 months ago

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China warned Tuesday of unspecified countermeasures if the US Congress adopts a bill on Beijing's foreign exchange regime that could lead to higher US tariffs on Chinese imports.

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Aidenag

Photographer by day, news junkie by night. My main areas of interest are politics and the environment.

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Comments: 16

Avg rating: (+8/-0 8)
Harbeas
June 12, 2007, 4:17 p.m.
We have a track record of giving away the store in free trade agreements. If the country is willing to give us free and unfettered access to their markets, we will do the same. Unfortunately, we have failed to get this kind of agreement with these countries. It's about time we started demanding it!
Avg rating: (+3/-0 3)
dandt1612
June 12, 2007, 6:24 p.m.
Harbeas your right.
If things go sour between China and the US what will Walmart do?
Avg rating: (+0/-1 -1)
usavet
June 12, 2007, 7:07 p.m.
i think tariffs are a good idea getting tired of chinese junk cant find anything they make that last for long i work in a machine shop an have seen the quality{ or lack of} of there goods we could bring prices down of our own goods if we would buy more of our own goods made in this country
OnionHeadComment has been removed: User banned.
Avg rating: (+7/-0 7)
miklkit
June 12, 2007, 11:22 p.m.
Cleaning up the mess that their shoddy products cause us is costing us money. We should raise the tarrif to pay those costs.
Avg rating: (+0/-0 0)
aceofspades1
June 13, 2007, 12:46 a.m.
China holds more T-Bills than any other country how would a change in the valuation of the yuan effect the status of this debt?
Avg rating: (+16/-0 16)
FRICKANDFRACK
June 13, 2007, 1:43 a.m.
Pretty much drop the real value of American currency in China,US goods cost fewer yaun and commie Chinese goods cost more dollars.A 5% change in the exchange rate would mean $1 would be worth 7.22 yuan and a Yuan would be worth 0.08 Dollar.Not sure if I think this is the best road to travel but it might be one of the few left to America,might lower the trade imbalance a little maybe and to a certainty force them to convert dollars to try to cut exposure probably to Euros driving our currency even lower worldwide so who wins?
Approxamate values
todays rate $1 = 7.66Yuan
yuan=$0.13
Avg rating: (+0/-0 0)
aceofspades1
June 13, 2007, 1:55 a.m.
OK so it makes the dollar worth less against the yuan but so what? what do we have to export to China? besides WalMart & KFC?
Avg rating: (+0/-0 0)
MarkeD
June 13, 2007, 4:18 a.m.
China could call in all the money its lent America and you could see the value of the dollar plummet? A short article.
http://www.theatlantic.com/doc/prem/200401/schw...
Avg rating: (+15/-0 15)
deathray
June 13, 2007, 6:57 a.m.
If you want to know what a trade dispute with CHina would be like, read this:
http://www.sci-tech-today.com/story.xhtml?story...
The Chinese are now complaining about US food exports to China, preemptively.