No decision yet on China bill vote: US senators
WASHINGTON (Reuters) – A pair of senators just back from a
trip to China said on Monday they hoped to talk with U.S.
Treasury Secretary John Snow before deciding whether to go
ahead with a vote on their bill threatening to punish China if
it does not revalue its yuan.
“We haven’t made any decision on this yet,” Sen. Charles
Schumer, a New York Democrat, told Reuters during a break in a
Senate Judiciary Committee legislative work session that Sen.
Lindsey Graham of South Carolina also attended.
Graham and Schumer are authors of a bill that threatens to
impose a 27.5 percent tariff on China’s exports to the United
States if it does not revalue the yuan.
They have been promised a vote on that legislation by this
Friday, under a deal worked out last year.
The two senators said they wanted to talk more about the
issue, including with Snow, before deciding whether to go ahead
with a vote this week.
The Bush administration opposes the Graham-Schumer bill and
has been pushing China through diplomatic channels to revalue
The Graham-Schumer bill survived an attempt to kill it in
the Senate by a vote of 67-33 last year, sending the Bush
administration a wake up call about the level of anger in
Congress about China’s currency practices.