US action, not talk, needed on China yuan!

  1. rhamson profile image76
    rhamsonposted 8 years ago

    From Reuters:

    "Every administration has thought it could get something done by talking to China. But years of experience have shown that the Chinese will not be moved by words; they only respond to tough action," Schumer said in a statement.

    Schumer has sponsored a bill threatening China with tariffs on some of its exports to the United States if Beijing does not allow the yuan to rise significantly in value.

    Can the US tough it out and force China to allow fair market use of the currencies?