Two US senators behind a stalled bill to impose a 27.5% tariff on Chinese imports in retaliation for alleged currency manipulation by Beijing said the lack of action on currency reform meant they would call for a vote on the legislation by September 30, the Wall Street Journal reported. Charles Schumer and Lindsey Graham made the comments after meeting with new US Treasury Secretary Henry Paulson, where they told him they were disappointed with the yuan's failure to strengthen against the dollar. They agreed to put off a vote in March after they said a visit to China had persuaded them that Beijing was committed to eventually moving to a freely-floating currency. "We have done the minuet for quite a while and it's time to see progress," Schumer said.
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