Monday, December 20, 2010

Appreciation of the renminbi or the U.S. threat to levy high tariffs on Chinese goods.

<p style=text-indent: 2em> </ p> <p style=text-indent: 2em> Wall Street Journal reported: The U.S. Senate has overwhelmingly passed a raise tariffs to punish China with RMB policy proposals .This means that the United States suffer further economic problems take a tough stance on China's pressure. .</ P> <p style=text-indent: 2em> U.S. Senate passed by 67-33 votes to Sen. Charles Schumer (charles schumer) and Graham (lindsey graham) amendment that if China does not .agreed to let the yuan appreciate to all the Chinese goods exported to the United States shall be imposed tariffs of 27.5%. .United States has long been that China's exchange rate of RMB exchange rate regime will be artificially low, making Chinese exports relatively inexpensive, in the global market competition with U.S. products in the unfair advantage. .</ P> <p> <p style=text-indent: 2em> Schumer - Graham amendment is unlikely to become law, but the results of Wednesday's vote on the proposal have not actually been made leader of the Senate .The ban, at least be a bill to be approved and transmitted as part of international affairs. .zogby international for a hundred people (committee of 100) of the latest survey showed that although the majority of respondents believe that US-China trade is moving in a positive direction, but 36% of the U.S. Congress that China posed a serious military .threat, held this view of the public and business leaders compared to only 15% and 16%. .When asked about the war on terrorism, China is a reliable ally of the United States, to give an affirmative answer to the proportion of public and business leaders were 27% and 25%, while the proportion of members of Congress only 16%. .</ P> <p style=text-indent: 2em> fierce debate in the Senate yesterday, while U.S. textile companies formed a broad coalition called on the government on the implementation of Chinese-made clothing more stringent import restrictions. .</ P> <p style=text-indent: 2em> U.S. officials said that the survey reflects the Government's concern on December 31 last year after the end of the quota system, China's textile exports to the U.S. surged against the interests of U.S. manufacturers. .Chinese officials to investigate the actions of the United States reacted strongly and said not prepared to take additional measures to restrain textile exports. .</ P> <p style=text-indent: 2em> facing strong pressure the U.S. government's moderate stance and the European Union stands in stark contrast. .EU leaders announced yesterday that the preparation allows socks, trousers and other textile imports this year to double the program. .Moreover, the EU Trade Commissioner Peter Mandelson (peter mandelson)'s speech also means that the EU can not be launched in the near term measures to limit Chinese textile exports. .He insisted that the EU must do first is from all 25 Member States to collect at least 3 months of data. .The data at the earliest be released later this month. .Mandelson said that "any action must be based on clear facts and are based on data 。"<!/ content_tag txt> </ p> <p style = text-indent: 2em.

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