American businesses could be hiring more workers today if we ended unfair trade practices used by some of our trading partners. No matter how competitive companies are in Alabama, they struggle to keep up with foreign competitors that are given an unearned advantage because of currency manipulation.
Currency manipulation may sound more like an idea discussed in Washington than on the assembly lines of Birmingham, but local businesses are put at a competitive disadvantage by it. Currency manipulation is a 21st century trade barrier used by foreign governments to support their domestic industries. This means when countries like Japan use it to boost their industries, American companies and workers feel the pain.
Source
AL.com