September 30th, 2010
06:35 AM ET
4 years ago

House passes bill aimed at Chinese currency

New York (CNNMoney.com) - Lawmakers say China's currency is unfairly cheap and passed a measure Wednesday that opens the door to tariffs that aim to help U.S. companies compete.

The legislation, which authorizes the Commerce Department to impose duties on imports from countries with undervalued currencies, passed the House of Representatives by a vote of 348 to 79. The Senate, however, is not expected to take up the issue until later this year.

Full story


Filed under: China • Economy • House • issues
soundoff (No Responses)

Comments are closed.