NRF takes stand against China duty
April 8, 2005,
WASHINGTON — The National Retail Federation today urged the Senate to reject an amendment offered by Senator Charles Schumer (D-N.Y.) that would impose a 27.5 percent duty on all imports from China unless China agrees to revalue its currency.
After Schumer offered the proposal on Wednesday, Senate Republican leaders attempted to table it, but the motion was defeated 67-33. Senators have yet to vote on the amendment itself.
Related Content By Author
The Countdown to the ICON Honors Continues featuring Christophe Pourny