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Thursday, September 23, 2010

China Tariff Bill Advances in Congress

“House leaders are moving forward with legislation to combat China’s currency policies, adding to pressure from the Obama administration and giving lawmakers an election-year chance to vote on a sensitive trade matter. The House Ways and Means Committee plans to vote Friday on a bill that would expand the Commerce Department’s power to impose duties on Chinese imports in response to that country’s currency being undervalued on world markets.” (Washington Post)

Smart move: Punish American consumers for China’s currency policies.

FEE Timely Classic
“What Free Trade Really Means” by Jeffrey Herbener