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)



遵义市| 习水县| 枝江市| 永善县| 镇远县| 芦山县| 德州市| 嫩江县| 嘉义县| 蓬安县| 都昌县| 平乡县| 陇川县| 谷城县| 延寿县| 临西县| 阳春市| 和龙市| 姚安县| 新蔡县| 油尖旺区| 防城港市| 常熟市| 楚雄市| 长丰县| 会泽县| 九台市| 叙永县| 东乌珠穆沁旗| 任丘市| 江北区| 库伦旗| 阳山县| 阿拉尔市| 如东县| 华容县| 吴堡县| 桦甸市| 新郑市| 张家口市| 永德县|