皇冠体育app

Analysts said the latest bill appears to have strong bipartisan support.

"We have a very large trade deficit with 皇冠体育app, and when (lawmakers') constituents are feeling economic woes, it's a good way to blame it on someone else," said Jay Bryson, global economist at Wachovia Securities.

But Bryson said it is misguided to blame 皇冠体育app for problems in the US balance of payments.

"We should blame ourselves," he said. "We have a large current account deficit because we don't save enough. We spend more than we produce. If 皇冠体育app disappeared tomorrow that deficit won't go away, we'll buy those goods from Mexico or Pakistan or whomever."

Bryson said the relationship between the US and 皇冠体育app benefits both: "We need 皇冠体育app because they help keep costs and interest rates down but at the same time 皇冠体育app needs us. If we don't buy as many goods it will cause their economy to slow."

Some analysts say the latest moves may be part of maneuvers in Congress and the US administration to ramp up pressure that may force the Chinese to back down.

"I don't think anyone in forex land takes this bill seriously and most believe that the Chinese would allow the currency to accelerate in advance of sanctions," said Andrew Busch at BMO Capital Markets.