Tuesday, October 4, 2011

Trade War With China?



China Says US Bill May Spark Trade War -- Sydney Morning Herald

HONG KONG: China has accused the US of risking a ''trade war'' as legislation the Senate is studying would punish what senators claim is China's undervalued currency.

The People's Bank of China said it ''regrets'' a Senate vote on Monday to consider the bill. In website statements yesterday it said the measure would violate World Trade Organisation rules.

''The timing of such an incident is unfortunate with the current global environment,'' said Lu Ting, a Hong Kong-based economist at Bank of America-Merrill Lynch. ''If there is trade war, it's no good for anybody.''

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More News On The Risk Of A China - U.S. Trade War

China warns of trade war if U.S. bill passes -- Reuters
China Says U.S. Risks Trade War With Bill Targeting Currency -- Bloomberg Businessweek
China says U.S. yuan bill may spark trade war -- Market Watch
China warns of trade war if U.S. currency bill passes -- Globe And Mail
China Denounces US Bill to Punish Currency Manipulators -- Voice of America
China lashes out against U.S. bill aimed at currency manipulators -- L.A. Times
China Rips U.S. Senate Vote on Yuan -- Wall Street Journal
U.S. Senate Backs Tough China Trade Moves -- New York Times
Senate hits China for 'cheating' to steal US jobs -- Christian Science Monitor
US-China: don’t fear a trade war (yet) -- Financial Times

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