As imports from the People's Republic of China (PRC) have surged in
recent years, posing a threat to some U.S. industries and
manufacturing employment, Congress has begun to focus on not only
access to the Chinese market and intellectual property rights (IPO)
protection, but also the mounting U.S. trade deficit with China as
well as allegations that China is selling its products on the
international market at below cost (dumping), engaging in "currency
manipulation," and exploiting its workers for economic gain.
Members of the 109th Congress have introduced several bills that
would impose trade sanctions on China for intervening in the
currency market or for engaging in other acts of unfair trade,
while the Bush Administration has imposed anti-dumping duties and
safeguards against some PRC products and pressured China to further
revalue its currency and remove non-tariff trade barriers.
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