Risk of trade war rises as key US committee backs tariffs on China

``The move by the committee is awkward for the White House which has steered clear of officially classifying China as a "currency manipulator" for fear of the repercussions of a trade war. President Barack Obama urged Chinese premier Wen Jiabao to take more aggressive steps when they met at the United Nations on Thursday, but the Chinese leader said that the value of the yuan was not the cause of the $145bn (£91bn) trade deficit the US is running with China. ''