OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Letter to Michael Froman, US Trade Representative, and Jack Lew, Secretary of the Treasury - Combatting Currency Manipulation

Letter

Date: July 16, 2015
Location: Washington, DC
Issues: Trade Economy and Fiscal

Dear Ambassador Froman and Secretary Lew,

We write to urge the Administration to combat currency manipulation through our ongoing trade negotiations.

As you know, last month Congress passed Trade Promotion Authority, which includes two principal negotiating objectives that explicitly call on the Administration to address currency manipulation through our ongoing trade negotiations. Therefore, as you continue negotiations on the Trans-Pacific Partnership, we urge you to prioritize combatting currency manipulation by our competitors.

American workers can compete and win in the global economy if given a level playing field. However, our workers suffer when our competitors manipulate their currency to boost foreign exports to the U.S., while making Made in America exports more expensive. Currency manipulation is one of the most egregious efforts undertaken to harm the competitiveness of hard-working manufacturers, farmers and small businesses throughout the U.S.

Thank you for your attention to these concerns.


Source
arrow_upward