Schumer-Graham bill to impose punitive tariff on China stalls out

Sep 29, 2006 | 06:22 PM | Rory Carroll

There will be no vote on a bill that seeks to enact a 27.5-percent tariff on all imports from China, key lawmakers said Wednesday.

The bill, sponsored by Sens. Lindsay Graham (R., S.C.) and Charles Schumer (D., N.Y.), was seen by most as a symbolic expression of increasing frustration on the part of U.S. manufacturers over China's pegged currency. Many see the yuan's fixed value to the dollar as a subsidy on Chinese products coming into the United States. They argue that the yuan is undervalued by....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results