Getting your player ready...
WASHINGTON — The Senate voted Tuesday to threaten China with higher tariffs on Chinese products made cheap through an artificially undervalued currency, which lawmakers blame for destroying American jobs. The House, though, is unlikely to take up the bill, which some American businesses warn could trigger a trade war.
The 63-35 vote showed a broad bipartisan consensus that it is time to end diplomatic niceties with China and confront it over its aggressive trade policies.
But House Speaker John Boehner, R-Ohio, has said it would be dangerous to dictate another country’s currency policies, and he can prevent the bill from ever being considered.
The Associated Press
