Detroit 3 offer proposal on currency manipulation

David Shepardson

A trade group representing Detroit's Big Three automakers on Thursday unveiled a proposal to prevent currency manipulation in a proposed free trade pact.

Automakers, the United Auto Workers union and many members of Congress are making a big push to convince the Obama administration to include in the Trans-Pacific Partnership. The U.S., Japan, Mexico, Canada and eight other nations have been negotiating a Trans-Pacific Partnership that would create a free trade zone accounting for 40 percent of the world’s economy. Australia, Brunei, Chile, New Zealand, Malaysia, Peru, Singapore and Vietnam are also part of the talks.

The Detroit News