October 30, 2011
U.S.-China Trade War Closer Than Ever
Ding Dou, East Asia Forum
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.
TAGGED: United States, China