Another Reason TPP Won’t Work: Currency Manipulation

Posted by | August 19, 2015 | Uncategorized | No Comments

By webadmin@aflcio.org (Monika Greenhow)

Last week, China, the world’s second largest economy, devalued its currency by about 4% against the dollar. Vietnam—a party to the ongoing Trans-Pacific Partnership (TPP) negotiations—followed suit. This devaluation makes it tougher to sell U.S. goods on the world market—by making “Made in America” goods relatively more expensive and Vietnamese and Chinese goods relatively cheaper.

Source: AFL-CIO

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