Enzio Von Pfeil, CEO of Commercial Economics Asia, tells CNBC that political scene in the U.S. is such that some sort of anti-China bill is likely to find support in the house.
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Sino-U.S. tensions moved up a notch on Tuesday, after the Senate approved a controversial bill to punish China over its currency. Even as the value of the yuan and its impact on trade remain key points of contention between both sides, market watchers say the move is largely political, and such...
Andrew Pease, investment strategist at Russell Investments, says that U.S. effort to punish China over it's currency is unwarranted and is unlikely to pass the House.
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Adrian Foster, head of financial markets research, Asia Pacific at Rabobank, says that Yuan Bill ignores the fact that China U.S trade relationship is mutually beneficial and therefore unlikely to become a legislation.
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China on Wednesday urged the Obama administration and Congress to stymie a U.S. bill aimed at pressing Beijing to lift the value of the yuan, warning the legislation passed by the Senate could upset efforts to prop up the global economy.
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Scott Paul, Executive Director at Alliance for American Manufacturing tells CNBC the US and China have been at a trade war for a decade, and the currency bill going through Congress will end it.
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The U.S. Senate on Tuesday approved a controversial bill to punish China over its currency in an effort to save American jobs, sending it to the House of Representatives where its fate isuncertain.
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The U.S. Senate on Thursday delayed a vote on a bill to get tough with China over its currency practices until next week because of a dispute between Republicans and Democrats over the handling of amendments.
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President Barack Obama accused China on Thursday of "gaming" international trade by keeping its currency weak, but was cautious about a bill before the U.S. Senate aimed at pressing Beijing to revalue the yuan.
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The White House voiced concern that legislation the U.S. Senate is expected to approve this week designed to press China to let its currency rise could violate international trade rules.
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A U.S. bill to pressure China into letting its currency rise in value, which has drawn warnings from Beijing of a possible trade war, ran into opposition from the top Republican in Congress on Tuesday.
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The Obama administration has begun discussions with the Senate about whether a bill aimed at forcing China to let its currency rise is "the right approach" to the long-running currency issue, a top U.S. official said Tuesday.
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China's foreign ministry said it "adamantly opposes" a bill being pushed by the U.S. Senate to allow the United States to impose duties on countries that undervalue their currencies.**
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The U.S. Senate voted to advance legislation designed to press China to let its yuan currency rise in value, setting up a debate between lawmakers who say the bill will create jobs and critics who warn it could spark a trade war.
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The Hong Kong dollar has been in the spotlight since investor Bill Ackman announced he had taken a big long position in the currency. Whether you should is another matter.
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