Currency manipulation --an illegal trade practice that has cost the U.S. millions of jobs--poses a direct threat any US benefit from the TPP.
So long as other countries manipulate their currency, we will run a persistent trade deficit. No amount of TPP tariff negotiations will make a difference.
TPP countries, particularly Japan, engage in classical currency manipulation to maintain a trade surplus. And we are willingly negotiating this trade agreement with them.
But fortunately, some members of Congress see the light: a bipartisan group of 60 Senators led by U.S. Senators Debbie Stabenow (D-MI) and Lindsey Graham (R-SC), co-chairs of the bipartisan Senate Manufacturing Caucus, today urged Secretary of the Treasury Jack Lew and U.S. Trade Representative Michael Froman to address foreign currency manipulation in the Trans-Pacific Partnership and future free trade agreements.
The Senators are standing up for U.S. businesses and workers by including enforceable measures against currency manipulation in trade agreements in order to ensure a level playing field on global trade and to help create jobs here at home.
Stand with them: sign this petition supporting Currency Rules in all US Trade Agreements.
We, the undersigned, support strong currency provisions in all trade agreements.