US groups urges Senate reject China currency bill

WASHINGTON, June 30 (BestGrowthStock) – A broad coalition of U.S.
business groups urged senators on Wednesday not to approve a
bill that would allow the United States to use import duties
against China’s exchange rate policy.

“We agree that China needs an exchange rate that better
responds to global trade flows,” the U.S.-China Business
Council and about two dozen other groups said in a letter to
each member of the Senate.

“We strongly disagree that legislation is the best means to
acheive that goal,” the groups said.

Investing Research
(Reporting by Doug Palmer; Editing by Theodore d’Afflisio)

US groups urges Senate reject China currency bill