The United States will push a new wave of trade sanctions against China

On the occasion of the tense military exchanges between China and the United States, US Congressman No. 9 said that it will take action to impose trade sanctions on China in the next two weeks, adding additional variables to Sino-US economic relations.

The US Congress held a hearing on China's role in the WTO on the 9th. Democratic Senator Schumer said in his testimony that China's manipulation of the RMB exchange rate has caused the US unemployment rate to remain high, and millions of people are unemployed because of China, so he appealed. The senator took immediate action.

Schumer: "We will act. In the next two weeks, I and other lawmakers plan to take action to legislate the consequences of countries that do not adopt appropriate policies that lead to currency imbalances."

It is understood that Schumer will vote on the punishment of China in the "Small Business Law" amendment. He is confident that the bill will be passed overwhelmingly.

In addition, there are still many bills in the US Congress that impose trade sanctions on China, and a newer bill is called the China Fair Trade Law. The bill will ban the US government from consuming all Chinese-made goods and services provided by China. Graham, one of the drafters of the bill, Republican, said that because the Obama administration is afraid to act, Congress must take action.

Graham: "If we don't act, 10 years later, I or other lawmakers will only be sitting at this table and complaining about a China that is stronger than it is now."

Experts said that the current US Congress's sanctions against China's trade will accelerate, and may be significantly advanced from the end of 2010 to the summer before the recession of Congress.

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