Trans-Pacific Partnership

Manufacturing groups pressing for currency provisions in trade deals

More than a dozen leading manufacturing groups on Thursday called on the Obama administration to include currency manipulation provisions in all future trade agreements, especially the Trans-Pacific Partnership (TPP).

The 13 groups, including the American Automotive Policy Council (AAPC), sent a letter to Treasury Secretary Jack Lew and U.S. Trade Representative Michael Froman, as TPP talks begin in Ottawa.

Coalition of Business Leaders Urge Obama Administration to Address Currency Manipulation

For Immediate Release:

July 1, 2014
Contact: Colin Dunn
info@americanautocouncil.org
202-400-2609

Coalition of Business Leaders Urge Obama Administration to Address Currency Manipulation

U.S. Manufacturing Associations Look to Protect American Jobs Ahead of TPP Talks in Ottawa

Letter to Secretary Lew and Ambassador Froman on Currency Manipulation

July 1, 2014
 
Secretary Jacob J. Lew                                              Ambassador Michael Froman
Secretary of the Treasury                                           United States Trade Representative
Department of the Treasury                                        Office of the U.S. Trade Representative
1500 Pennsylvania Avenue, NW                                600 17th Street, NW
Washington D.C. 20220                                             Washington D.C.

Graham warns Obama trade agenda at risk

One of the Senate’s most vocal critics of China’s currency practices has warned President Barack Obama that his trade agenda is at risk because of the failure of U.S. negotiators to push for enforceable rules against currency manipulation in the proposed Trans-Pacific Partnership agreement.

“Mr. President, you are imperiling your own trade policy,” Sen.

Ford to Oppose Trans-Pacific Trade Pact Without Currency Limits

Ford Motor Co. (F:US) said it will oppose the Trans-Pacific Partnership if the trade agreement doesn’t limit a country’s ability to manipulate its currency.

The proposed pact “is not likely to generate any net benefits for American manufacturers if it does not address the critical issue of currency manipulation,” Joe Hinrichs, Ford’s president of the Americas, said in a Feb. 6 speech at the Chicago Auto Show.