US lawmakers seek tougher stance on China trade

WASHINGTON (AP) ? U.S. House lawmakers are urging the administration to apply more pressure on what they call China's "predatory" trading practices, but show division on whether to pass legislation punishing China for manipulating its currency.

Members of the House committee that deals with trade presented a long list of grievances they say contribute to China's massive trade advantage, including its undervalued currency.

But committee chairman Dave Camp, a Republican, said currency should not be considered alone when there are so many other problems. The top Democrat on the panel, Sander Levin, says the House should take up legislation, passed by the Senate two weeks ago, that would threaten China with higher tariffs if it continues to undervalue its currency as a way of keeping its exports cheaper.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2011-10-25-Congress-China/id-0450d3d7d2984191a230fb6ff2db7940

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