Posts Tagged ‘China Currency Bill’

China’s Political Impact on Washington and Vice Versa

October 10th, 2011

The China Currency Bill – that is set to reach the Senate on October 12, 2011 – would result in tariffs on China and other countries in the Asian region.  The rationale behind this is that their currencies have been depressed in an effort to boost exports.  Thus these countries now have to pay the price. But ultimately, critics say that it would not make sense when analyzing government trade data.   It could negatively impact the American economy, resulting in job loss as well as economic surplus from Chinese trade and business in the country when China stops bringing in its business in revenge.  Everything has its consequences: Washington needs to seriously weigh up everything before reaching a decision.