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October 30, 2011

U.S.-China Trade War Closer Than Ever

Ding Dou, East Asia Forum

AP Photo

The US Senate recently voted three consecutive times on a bill designed to take punitive action against China over its alleged ‘under-valued’ currency. The votes are an unsettling reminder of the angst lurking below the surface of a country burdened by huge unemployment. And now, with the US trying to revive its manufacturing sector, the shadow of a trade war between China and the US looms ever larger.

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TAGGED: United States, China

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