United States special tariffs of crisis exchange rate politics them.He

Results by the exchange rate reforms promote fair trade Act, the purpose of the so-called "undervalued currency countries" to impose special tariff Bill. This Bill sought to amend United States trade laws to give the United States Department of Commerce, greater permissions, so that it can under certain conditions the underestimation of the so-called "currency" as export subsidies Act, and thus to the associated countries to the United States trade levy countervailing duties.

Exchange rate issues consequences will be them.He

This Act clearly directed against China, the United States some politicians "of the RMB exchange rate underestimated on" put the legislative practice; if the Bill ultimately passed by Congress, is not only not help solve the Sino-US trade imbalance, but also to the bilateral economic recovery are adversely affected, even in the world to establish new trade protectionism of legislative models undermine the liberalisation of world trade.

Will trade and exchange rate issues, is a United States politicians for domestic political need, passed on contradictions, fishing for votes in a commonly used means. In fact, the recent appreciation of the Renminbi against the US dollar exchange rate, for the first time, at 6.7 2005 after a new high, since 5 years has accumulated more than 22% appreciation; but the United States Congress, some members are still not satisfied, the United States the unemployment rate remained high due to the RMB is not a significant appreciation in the short time.

Historically, the problem with the exchange rate to suppress other countries, forcing other countries ' currencies, is the United States use its hegemony to maintain its own trade advantages that contain other national development of modus, European countries and Japan have been suffering. Recently, with the United States midterm elections is approaching, faced with sluggish domestic economy and the employment situation is very weak, United States officials and members of Congress to stir up the topic again, the Renminbi exchange rate in an attempt to set this as the United States economy "scapegoat". This obviously unfair, unreasonable, it is unwise and short-sighted, the consequences will be them.He.

At present, the renminbi and does not have a dollar. China many export Enterprise average profit is very low, if the Renminbi appreciation too, it raises a large number of firms, large numbers of workers are unemployed, the return of migrant workers ' mass. A surge in unemployment rates, population will decline in overall consumer spending power, which in turn affects social stability, and delay the process of economic transition. This will in turn seriously affect China's imports from the United States, the United States is pursuing a "double" actually export and adverse. Appreciation of the Renminbi, the prices of export products in China, the United States on China trade deficit will be transferred to other countries, must also be from more costly manufacturing imports directly stimulate domestic price increases, thereby increasing the burden on consumers of the United States; at the same time, China was forced to cede the manufacturing industry "," jobs is not likely to go to the United States industrial, nor does it promote United States exports. In addition, this also affects many of Europe's investment in the interest of the enterprise.