WASHINGTON — The House passed a bill Wednesday that would give the U.S. Commerce Department greater leeway in cracking down on China’s alleged undervalued currency by imposing punitive tariffs on imports.
By a vote of 348 to 79, House lawmakers sent a strong message to the Obama administration, which has repeatedly declined to take action against China’s currency policies under U.S. trade remedy laws. House Democratic leaders are also hoping the bill, which faces uncertain prospects in the Senate, will give members campaigning to protect U.S. jobs a boost as they head into the midterm elections.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)