U.S. Congress Brands China Trade Accords Inadequate, Considers Sanctions

(Bloomberg) -- Congress branded yesterday's U.S.-
China agreements on financial services and aviation inadequate
and moved to consider new trade measures against China even as
Vice Premier Wu Yi met with lawmakers.

The Senate Banking Committee considered legislation
yesterday that would allow companies to petition for new duties
on Chinese products. The House Ways and Means Committee will
consider a similar measure, chairman Charles Rangel said.


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