Senate Passes Bill To Sanction China Over Currency | Fox News: "The Senate has voted to punish China for keeping its currency undervalued against the dollar.
Many see China's currency policy as a big factor in the flood of Chinese imports that has led to American factories shutting down and workers getting laid off.
The 63-35 vote Tuesday evening shows the growing anger over the U.S. trade relation with China. The Asian nation built up a $273 billion surplus last year bolstered by monetary policy that makes its exports cheaper and American sales to China more expensive.
But the bill to punish China is likely to hit a dead end in the House."
'via Blog this'
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