国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

US pass on China currency stirs Senate action

(Reuters)
Updated: 2007-06-15 14:42

 

The bill would require Treasury to develop a new semi-annual report to determine whether a country's currency is "fundamentally misaligned," regardless of intent.

 

For nations labeled as a priority country, the legislation would require the U.S. Treasury to immediately seek advice from the International Monetary Fund and key trading partners on how best to address the issue.

 

It also requires Treasury to oppose any favorable change in IMF governance practices for a targeted country and orders the Commerce Department to take the targeted country's currency practices into consideration when deciding if it qualifies as a "market economy" under U.S. anti-dumping laws.

 

China has asked to be considered a market economy believing that would lead to lower U.S. anti-dumping duties, which are imposed on foreign goods sold below "fair market" value.

After six months, the bill ratchets up the pressure on countries with misaligned currencies by imposing additional penalties. Those include allowing U.S. companies to seek anti-dumping duties against the country's currency practices, something they can not do now.

 

If the country has not reformed its currency practices after a year, the U.S. Trade Representative's office would be required to initiate a currency case at the WTO.

 

The Treasury Department also would be required to consult with the Federal Reserve and other central banks on possible "remedial intervention in currency markets" against the targeted country.

 

"(The bill) gives a good chance for self-correction before penalties ramp up. It's a velvet glove with a steel fist inside," said Grassley.

 

"This will be a very broadly supported bill," said Baucus, who told reporters it could be on the Senate floor for a vote by September. "This is the real deal."


 123  

(For more biz stories, please visit Industry Updates)



江城| 河间市| 区。| 福贡县| 平阴县| 临漳县| 衡山县| 抚宁县| 桂阳县| 左云县| 龙岩市| 美姑县| 东城区| 连江县| 海口市| 吐鲁番市| 舟山市| 青神县| 凉山| 泰兴市| 台山市| 巴青县| 保亭| 西丰县| 福安市| 桃源县| 彭州市| 昌黎县| 陵川县| 白城市| 兰溪市| 山东省| 余干县| 马鞍山市| 临湘市| 江陵县| 武穴市| 衡南县| 郸城县| 玉山县| 肥西县|