For Immediate Release:
February 04, 2015
Contact: Adam Temple
(202) 400 - 2610
AAPC: New Study Reinforces Foreign Currency Manipulation Costs American Jobs
WASHINGTON, D.C. - American Automotive Policy Council President Matt Blunt today issued the following statement on a new study by the Economic Policy Institute (EPI) about the impact of currency manipulation on American jobs:
"The new EPI study highlights the enormous loss of economic growth in the United States because of currency manipulation by some of our trading partners. The bottom line is that foreign currency manipulation costs American jobs, and this study adds to the compelling evidence that strong and enforceable currency rules are needed in the Trans-Pacific Partnership."
A sampling of other economic studies on the negative impact on currency manipulation on U.S. jobs and trade:
- PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS: Currency Manipulation, the US Economy, and the Global Economic Order
- THE LAFFER CENTER AT THE PACIFIC RESEARCH INSTITUTE: Currency Manipulation and its Distortion of Free Trade
- CENTER FOR AUTOMOTIVE RESEARCH: The Effects a U.S. Free Trade Agreement with Japan would have on the U.S. Automotive Industry
The American Automotive Policy Council, Inc. (AAPC) is a Washington, D.C. association that represents the common public policy interests of its member companies FCA US, Ford Motor Company and General Motors Company.