Sunday, May 20, 2007

Lawmakers ready trade bills as U.S., China talk

(Reuters) - With little to show after four years of U.S. pressure on China to revalue its yuan currency, lawmakers in both the House of Representatives and the Senate are crafting bills aimed at forcing the administration to take a stronger stand on the issue and giving it the tools to do that.




"I'm pretty sure there will be legislation. The only question is what it would look like," said Frank Vargo, vice president for international economic affairs at the National Association of Manufacturers.


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