And it helped establish the Export-Import Bank to increase trade throughout the Americas.
VOA: special.2011.04.28
The Labor Department revised November's importincrease to 1.5% and reported that import prices gained 4.8% overall in 2010, instigated by higher fuel prices since October.
Tim Murphy, a Pennsylvania congressman, is championing a bill that would give Congress power to review presidential decisions on whether or not to increaseimport duties in the face of sudden dislocations.
The fact that a 21 percent increase in the value of the Yuan was met with a 38.7 percent increase in import value means that the quantity of Chinese imports demanded increased by nearly 15 percent after the price change.