The U.S. Senate considers imposing punitive tariffs on China for allegedly manipulating the RMB . A Chinese worker works at a factory in Dalian, Liaoning province, China. China opposes the bill , warning it `` seriously violates rules of the World Trade Organization and obstructs China-U.S. trade ties ''
The U.S. Senate considers imposing punitive tariffs on China for allegedly manipulating the RMB . U.S. President Barack Obama said China is manipulating its currency but expressed concerns about backing the bill . China opposes the bill , warning it `` seriously violates rules of the World Trade Organization and obstructs China-U.S. trade ties ''