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The U.S. legislation is headed for a final vote in the Senate, which intended to push China to let the yuan appreciate further.
The bill called for tariffs1 on imports from countries with deliberately2 undervalued currencies.
A bipartisan majority that supports the legislation coming to a vote Tuesday evening says the move could put large numbers of Americans back to work.
In response, China says the bill will seriously affect the country's currency reforms and even lead to a trade war between the two economies.
For more on the issue, earlier I talked to Guwei, Columnist3 of Reuters Breakingviews based in Hong Kong.
1 tariffs | |
关税制度; 关税( tariff的名词复数 ); 关税表; (旅馆或饭店等的)收费表; 量刑标准 | |
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2 deliberately | |
adv.审慎地;蓄意地;故意地 | |
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3 columnist | |
n.专栏作家 | |
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