Manufacturing groups demand action on currency in Trans-Pacific Partnership (TPP) negotiations
The Detroit Free Press reports that various U.S. manufacturing groups are concerned about Japan's effort to join the Trans-Pacific Partnership unless rules are negotiated to address currency manipulation, a tactic that "Japan is accused of using to restrict auto imports in its domestic markets":
The American Automotive Policy Council -- a Washington association representing Chrysler, Ford and General Motors -- along with the Alliance for American Manufacturing, the American Iron and Steel Institute and other groups sent a letter Tuesday to Treasury Secretary Tim Geithner and Trade Representative Ron Kirk asking for the "inclusion of strong currency disciplines" in future free-trade agreements.
Yesterday, ManufactureThis reported on a joint letter authored by a coalition of manufacturing groups, including the Alliance for American Manufacturing (AAM), that urged Treasury Secretary Tim Geithner and U.S. Trade Representative Ron Kirk to address currency manipulation in Trans-Pacific Partnership (TPP) negotiations.
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