US-China trade war looms – Heather Stewart
From The Observer (link):
American senators could vote this week to slap tariffs of 27.5 per cent on all Chinese goods, amid a rising clamour of protectionist anger on Capitol Hill.
The sponsors of the so-called Schumer-Graham Bill were in Beijing last week – Chuck Schumer’s first official trip overseas in 25 years – to press home the message that China’s cheap currency gives it an unfair advantage over the Americans. Schumer, a Democrat who represents New York, and his Republican co-sponsor, Lindsey Graham of South Carolina, have been promised a vote on the measure by the end of March.