US lawmakers are setting the stage for legislation slapping China with punitive sanctions over currency and other trade issues after another year of record trade deficit with the Asian giant.
With the United States on the brink of recession and as the campaign heats up for November presidential elections, lobbyists in Congress see greater prospects for such legislation to land on President George W. Bush's table for signature.
"Now is the time to move legislation forward," a group of eight newly elected Democratic senators wrote last week to Senate Democratic Majority Leader Harry Reid, complaining about "a host of difficult trade issues with China that require strong action."
The issues range from currency "manipulation" and "unfair" subsidies by China, to trade law and counterfeit enforcement problems, to imported food and product safety, they said.
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