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Delay urged for China tariff vote (Reuters/AFP) Updated: 2006-03-27 21:42
U.S. Senators Charles Schumer and Lindsey Graham would be wise to postpone a
vote on their bill to slap tariffs on China unless it lets the yuan rise faster,
U.S. Commerce Secretary Carlos Gutierrez said on Monday.
 U.S. Commerce Secretary Carlos Gutierrez
gestures during a speech at Chongqing University in the southwest China's
municipality of Chongqing March 27, 2006. Gutierrez and his delegation
will arrive in Beijing later Monday and hold talks with Chinese officials
about China-US trade and other issues. [newsphoto]
| The senators have not yet said whether they would
press for an immediate vote on their bill, which would impose a 27.5 percent
tariff on China's exports to the United States if Beijing does not act on the
yuan.
The bill had been scheduled for a vote on March 31.
Gutierrez, who was summing up media reports of the two senators' fact-finding
trip to China last week, told Reuters: "They're probably going to give their
bill some time, which I think is the wise thing to do."
Gutierrez was in the southwestern city of Chongqing
before flying to Beijing for talks on the protection of intellectual property
rights and other trade issues.
China-US trade ties face serious setback
China-US trade relations face a "serious setback" if the US imposes high
tariffs on Chinese goods, Commerce Minister Bo Xilai warned in remarks posted on
his ministry's website.
Bo delivered the message late last week while exchanging views with visiting
US Senators Chuck Schumer and Lindsey Graham, the ministry said.
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