#USA: Addressing Currency Manipulation Key to #TradeDeal

Members of Congress say they will work to ensure a crucial Pacific trade deal contains a provision stemming currency manipulation by foreign member countries.

A bank clerk handles Japanese yen among stacks of Chinese Yuan. Proposed legislation would require the Department of Commerce to investigate countries that deflate the value of their currency to make sending goods to the U.S. cheaper. 

 

Congressional opposition to a potential foreign trade agreement in the Pacific is ballooning over the absence of a provision that would prevent member countries from engaging in a form of economic gamesmanship known as currency manipulation... (Read more)

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