The U.S. Senate has voted by 79 to 19 to debate a bill that would give the U.S. government powers to impose tariffs on goods imported from countries that it thinks are undervaluing their currencies in order to boost exports.
China, which is widely believed to be the primary target of the bill, has responded with a government rebuttal that suggested the legislation, if passed, would "seriously interfere with Sino-U.S. trade ties.”
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