China calls the House's approval of a bill that would allow the U.S. to apply import duties on...

|By:, SA News Editor

China calls the House's approval of a bill that would allow the U.S. to apply import duties on goods from countries with undervalued currencies "redundant," saying it will allow the yuan to rise according to its own economic assessment and not due to U.S. pressure. Meanwhile, on Sunday, China said it would impose import tariffs of up to 105% on U.S. poultry.