Tuesday, October 4, 2011

Senate clears way for China currency bill debate

Democrats & Republicans are working together to pass a bill that would allow the U.S. to impose tariffs on imports from countries such as China found to be artificially undervaluing their currency.

Some republicans argue that the bill would only start a Trade-War. At the same time, senator Chuck Shumer states that we are already fighting a Trade-war.

Would this bill encourage job growth in America?

Or would implementing tarrifs anger China and hurt the U.S. economy?

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