China Trade Policy Being Used to Leverage CAFTA Votes
June 09, 2005
According to a recent report from Rueters, Republican leaders in the U.S. House of Representatives are promising to back legislation prodding China toward a more flexible exchange rate in exchange for "yes" votes on CAFTA.
It's become "very difficult for (many lawmakers) to vote on a trade package without getting some kind of meaningful response on the issue of China. That needs to be considered as members are looking to commit themselves to an additional trade agreement," said House Ways and Means Committee Chairman Bill Thomas said on Tuesday.