Yuan Wars: An Emerging Global Threat, Lets get tough with China.

[Bumper64]

Saturday, March 20, 2010 1:45

A U.S.-CHINA TRADE WAR IS RAPIDLY brewing, as President Barack Obama pushes China to adopt a “market-oriented exchange-rate policy” and Premier Wen Jiabao sharply retorts that the yuan isn’t undervalued. Meanwhile, 130 members of the U.S. House of Representatives are pressing the Treasury Department to brand China a “currency manipulator” and to impose countervailing duties, while China promises swift retaliation.....

Since taking office, President Obama has twice reneged on his campaign promise to get tough on Chinese mercantilism. However, his recent change in tone may signal that on April 15, the Treasury Department may finally brand China a currency manipulator in its latest biannual review........

http://beforeitsnews.com/news/26465/Yuan_Wars:_An_Emerging_Global_Threat,_Let_s_get_tough_with_China..html

[Sunglass]

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[ClownSauce]

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