Michigan Reps. Issue New Letter in Fight Against Currency Manipulation

Press Release

On Tuesday evening, Congressmen Mike Bishop (MI-08), Dave Trott (MI-11), Dan Benishek (MI-01), John Moolenaar (MI-04) and Bill Huizenga (MI-02) issued a joint letter to Ways & Means Chairman Paul Ryan (WI-01) and Trade Subcommittee Chairman Pat Tiberi (OH-12), stressing the need to fight currency manipulation in trade-related legislation in the House. As part of the effort to protect Michigan and America's workforce, the letter encourages inclusion of "tools and procedures for enhanced oversight of international exchange rates and policies," in addition to "strengthening trade enforcement against currency manipulation."

"There's no doubt Michigan and American workers make the best products in the world, but ignoring currency manipulation will keep them on an uneven playing field in today's global marketplace," Rep. Bishop said. "We have a duty to stand up for our workforce, and we can do so by implementing enforceable currency disciplines to prevent our trading partners from distorting the market."

"We can grow Michigan's economy by opening up new markets around world--but it's critical that Congress cracks down on currency manipulation and allows Michigan products and services to compete on a level playing field. Currency manipulation puts our workers at a competitive disadvantage and we are fighting to ensure Washington recognizes the need to address this important issue," said Rep. Trott.

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