Senators strategy

US Senators Charles Schumer of New York and Lindsey Graham of
South Carolina, who have sponsored a bill to place a 27.5 per cent tariff on Chinese
exports entering the US if China doesn’t float its currency, were making conciliatory noises as they completed their visit to Beijing. Hopefully they are beginning to see that the only way out of the corner into which they have painted themselves is to declare victory and withdraw the bill.