Before Hu Jintao even set foot in ice-bound Washington this week, the Chinese president’s impending visit was met with a renewed blast of chilly air from Capitol Hill on the tempestuous subject of the renminbi.
Charles Schumer, the Democratic senator from New York who has led the charge to force Beijing to let the renminbi appreciate, on Monday introduced yet another version of his legislation to allow the US to restrict imports on grounds of currency misalignment.
Mr Schumer gave a blunt message to the Chinese. “We are fed up with your government’s intransigence on currency manipulation,” he said. “If you refuse to play by the same rules [as the US], we will force you to do so.”
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