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US Senate rejects a trade bill against currency manipulation
(MENAFN- Jordan News Agency) The U.S. Senate on Friday rejected a push to beef up rules against currency manipulation in a key trade bill, avoiding a clash with President Barack Obama administration and U.S. trade partners.
The Senate voted 51 to 48 against an amendment that would have allowed sanctions against countries that deliberately weaken their currencies to make their exports cheaper, Reuters said.
The Senate voted 51 to 48 against an amendment that would have allowed sanctions against countries that deliberately weaken their currencies to make their exports cheaper, Reuters said.
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