Courtesy Reuters

For much of the past decade, the United States has begged, pleaded, and threatened China to change its disruptive currency practices, which artificially make Chinese exports cheap and foreign goods sold in China expensive.

Today, in the midst of prolonged economic weakness, with the U.S. trade deficit rising and unemployment persistently high -- and Chinese-owned U.S. debt probably exceeding $2 trillion -- legislative pressure is again growing to raise trade barriers against Chinese goods. Since June 2010, China has allowed its currency, the renminbi, to rise nearly five percent against the dollar. But there has been no slowdown in its

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