US Senate Finance chair mulls China currency bill

U.S. Senate Finance Committee Chairman will watch China's currency practices closely in the coming weeks and months, a committee aide said.

US Senate Finance chair mulls China currency bill

U.S. Senate Finance Committee Chairman Max Baucus will watch China's currency practices closely in the coming weeks and months to decide what legislation Congress should pass on the issue, a committee aide said on Monday.

"Chairman Baucus is concerned that Treasury's decision to delay its currency report repeats the same failed approach to U.S.-China economic policy," the aide said.

U.S. Treasury Secretary Timothy Geithner decided on Saturday to delay until at least June a decision on whether China is manipulating its currency for an unfair trade advantage.

Baucus "will be watching China's actions closely in the coming weeks and months to determine what legislative steps need to be taken to ensure that China's currency practice does not harm America's ranchers, farmers and workers," the aide said.

Reuters

Güncelleme Tarihi: 05 Nisan 2010, 21:40
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