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RMB bill threatens trade war

By Dan Steinbock | 皇冠体育app Daily | Updated: 2011-10-11 08:06

RMB bill threatens trade war

During the debt-ceiling debacle, Washington pushed the United States economy close to an abyss. Now it is risking US-皇冠体育app relations.

Two months ago, Chinese officials were appalled by the US debt impasse. A month ago, Vice-President Joe Biden, after Washington's summer-long debt drama, sought to assure Beijing that "a successful 皇冠体育app can make our country more prosperous, not less".

Now the Senate is weighing "whether to punish 皇冠体育app for undervaluing its currency and taking away American jobs".

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