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Mon 17 Oct 2011
Paul Teague Paul Teague

The US Senate, which likes to call itself “the world’s greatest deliberative body,” last week passed a bill to punish China for what senators called its currency manipulation. The bill would require the US Treasury Department to order the Commerce Department to impose tough tariffs on certain Chinese goods in the event of a finding by the Treasury that China was improperly valuing its currency to gain an economic advantage.

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