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U.S. – China Trade War Comes at Worst Time
Whether or not you believe that the United States fired the first salvo, or merely the latest, the U.S. Senate has proposed new legislation which many analysts believe could result in a trade war between the two super powers. If passed, the bill would give Washington lawmakers authority to impose duties on China-made goods that are imported into the U.S. Analysts view the bill as “punishment” for Beijing’s steadfast refusal to allow its’ currency to naturally appreciate. The Obama administration has been working hard to strengthen bilateral ties between the two nations, but this latest move threatens to ... (full story)
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