Trade

Club for Growth: Schumer a ‘job-killing protectionist’

by Bernie Becker - 04/29/11 3:00 PM ET

Schumer has long dubbed China a currency manipulator, though the Treasury Department has decided against taking that step.

Lawmakers in both chambers are pushing legislation that could lead to higher tariffs on China or other countries that are found to be undervaluing their currency.

One such measure is very similar to a bill that easily passed the House last year but failed to get a vote in the Senate. But, with Republicans now in charge in the House, it remains to be seen how much of a priority China’s currency will be in that chamber.

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