From Time Asia (link):
U.S. Senator Charles Schumer visited Beijing last week with two other Washington lawmakers to push China to freely float its currency. He argues that it’s undervalued and is driving up the $200 billion U.S. trade deficit with China. Schumer spoke with TIME’s Austin Ramzy about why he’s behind legislation that would slap a 27.5% tariff on Chinese imports to the U.S., and why he’s encouraged by his meetings with mainland policymakers.
