iOS app Android app

Currency Manipulation

Bad Trade

Leo W. Gerard | Posted 03.30.2015 | Business
Leo W. Gerard

Sucker punched by massive, illegally subsidized imports, American steel producers laid off thousands of workers in bedrock communities from Ohio and Illinois to Texas and Alabama. That's in just the past three months.

Anti-Fast-Track Momentum Builds

Dave Johnson | Posted 03.05.2015 | Politics
Dave Johnson

More and more public-interest organizations are organizing and denouncing the rigged fast-track approval process and TPP trade agreement. One after another, members of Congress are announcing opposition to fast track and demanding that trade problems like currency manipulation be covered by the TPP agreement.

The Top 10 Facts about Jobs, Currency, and the Trans-Pacific Partnership

Scott Paul | Posted 02.20.2015 | Politics
Scott Paul

Hundreds of members of Congress (from both parties!) are joining economists left and right to include an enforceable provision on currency manipulation in the TPP, but there are still some who argue that this rule isn't needed. That's why we put together this handy list of the top 10 facts you need to know about currency and the TPP. (Hint: It's about middle-class jobs).

Taking On Currency Manipulation: Worse Late Than Never

Jerry Jasinowski | Posted 02.20.2015 | Business
Jerry Jasinowski

The critical reason that Congress should take a pass on this much-too-late effort to address currency manipulation is that it would likely abort our chance for a really beneficial free-trade agreement with Pacific Rim nations, which would bring us must better access to many growing markets. If there were a good time to do this, it was many years ago.

The Need to Address Currency Manipulation in TPP, and Why U.S. Monetary Policy Is Not at Risk

Rep. Sandy Levin | Posted 02.06.2015 | Politics
Rep. Sandy Levin

The IMF Guidelines demonstrate that the United States is not manipulating its currency and would not be at risk of losing a dispute. The far greater risk is that more middle class jobs will be lost in the United States as a result of foreign governments' currency manipulation. We need strong and enforceable disciplines in TPP to help prevent that from happening.

No Time to Waste in Letting Public, Lawmakers Know About Fast Track

James P. Hoffa | Posted 03.28.2015 | Business
James P. Hoffa

Not everyone is aware of the consequences that a quick up-or-down vote on the 12-nation Pacific Rim trade deal will bring. It will devastate not only wage earners, but their families as well.

The President Says Manufacturing Is Back, But Is It?

Scott Paul | Posted 03.21.2015 | Politics
Scott Paul

Unless the president gets trade policy right, and starts to tackle some uncomfortable truths about trading partners like China and Japan, America will be stuck with little more than a marketing campaign in place of serious manufacturing policy.

Will the Obama Administration 'Passively' Let More Jobs Go Offshore?

Scott Paul | Posted 12.09.2014 | Politics
Scott Paul

There's an international policy matter on which the administration has been far too passive, and its inaction may be dooming the productive sector of the economy -- not to mention the American middle class -- to a fate it doesn't deserve. I can sum it up in two words: currency manipulation.

25 Years After Tiananmen, Who Has Changed Whom?

Scott Paul | Posted 12.05.2014 | Politics
Scott Paul

Shame on China's regime. But shame on us, as well. Why? Because the United States laid significant groundwork for the formation of the modern, post-Tiananmen Chinese police state. And our culpability can be spelled out in four letters: PNTR (Permanent Normalized Trade Relations)

Zach Carter

Top Obama Official Admits He Hasn't Pursued This Democratic Priority

HuffingtonPost.com | Zach Carter | Posted 05.01.2014 | Politics

WASHINGTON -- The rift between the Obama administration and congressional Democrats over a major free trade pact has only deepened since the president...

A Good Trade Deal Is Well Worth the Wait

Scott Paul | Posted 06.24.2014 | Politics
Scott Paul

Obama might be a little disappointed to be leaving negotiations in Japan without a finalized Trans-Pacific Partnership agreement. But lost in this rush to secure a pact is what the TPP should actually accomplish: A more balanced U.S. trade account that ultimately benefits the American middle class.

Save the Economy: Bring U.S. Manufacturing Home

Pat LaMarche | Posted 06.09.2014 | Business
Pat LaMarche

For the first time in America, the number of people out of work exceeds the number of people working in manufacturing. Alliance for American Manufacturing warns that if manufacturing stays gone from the U.S. that the high tech jobs will follow.

Deutsche Bank Fires Traders Over Currency Manipulation

Reuters | Posted 04.06.2014 | Business

(Adds details about the traders, and other developments in the probe) By Paritosh Bansal and Emily Flitter NEW YORK, Fe...

How Will 'Made in America' Fare in 2014?

Scott Paul | Posted 03.09.2014 | Politics
Scott Paul

America's workers deserve a government that will fight for them in the trade arena. And the Obama administration should act boldly, instead of offering more of the same. That won't happen, though, unless the White House pursues an aggressive trade agenda that places the focus squarely on lowering the trade deficit.

It's Time to End the Secrecy Surrounding TPP

James P. Hoffa | Posted 02.09.2014 | Politics
James P. Hoffa

There needs to be more certainty for policymakers and the public if they are going to go along with such a deal. Americans deserve a bigger say in their future.

Dollar Status in Doubt After Washington Antics

Janet Tavakoli | Posted 01.23.2014 | Business
Janet Tavakoli

The U.S. is facing a global crisis of confidence. We may not see a sudden flight of capital from the United States, but we are increasing the odds that we will see a sudden fall in the dollar.

The Debilitating Currency War

Jerry Jasinowski | Posted 10.02.2013 | Business
Jerry Jasinowski

We haven't heard much about currency manipulation lately, but according to my friend C. Fred Bergsten of the Peterson Institute for International Economics, it was and remains a major threat to the international monetary system.

Lawmakers Urge Obama To Include Currency Rules In Trade Agreement

Reuters | Posted 08.06.2013 | Politics

WASHINGTON, June 6 (Reuters) - A bipartisan group of over half of the members of the U.S. House of Representative have signed a letter urging Presid...

The Anti-Manufacturing Forces in Washington

Gilbert B. Kaplan | Posted 06.25.2013 | Business
Gilbert B. Kaplan

Hard as it may be to believe, there are forces in Washington that oppose the revival of the U.S. manufacturing sector. Who are they, and how do we counter their efforts? I think -- roughly -- they fall into five groups.

While Treasury Sleeps, Congress Stirs on China's Currency

Scott Paul | Posted 06.03.2013 | Business
Scott Paul

While we wait for our political leaders to stand up to a country that is clearly cheating at trade, American producers suffer from the hidden tax of currency manipulation, our unemployment rate remains frustratingly high, and our trade deficit with China grows a little wider each day.

Important Bipartisan Currency Bill Introduced in House

Dave Johnson | Posted 05.20.2013 | Business
Dave Johnson

A new bill was introduced in the House today to fight currency manipulation, including China's. This bill would treat undervalued currency as a subsidy under U.S. trade law, meaning we could apply tariffs to goods from countries that do this.

The Seven World's Biggest Currency Manipulators: Report

The Huffington Post | Alexis Kleinman | Posted 10.23.2012 | Business

“Currency manipulator” is the insult of the moment. Republican presidential candidate Mitt Romney said during Monday night's debate that he wo...

Decoding the Debate on Manufacturing and China

Scott Paul | Posted 12.18.2012 | Politics
Scott Paul

Here's a quick primer on what the candidates have been saying, and where American manufacturing can travel in the next few years. Expect a crescendo on China next week when the candidates spar at the next debate.

Demonizing China for Political Profit

Doug Bandow | Posted 12.17.2012 | World
Doug Bandow

While the two leading presidential candidates play to America's worst political demons, the U.S. public supports a more measured approach to China.

Romney Heating up on China Trade Issue

Ian Fletcher | Posted 11.15.2012 | Politics
Ian Fletcher

Romney is heating up his offensive on the China trade issue. His campaign blog just released a page promising he "will ensure China plays by the rules," and blaming the Obama administration for not doing so, starting with currency manipulation.