US Manufacturers Want Action On Currency Manipulation

Law360, New York (May 22, 2012, 7:06 PM EDT) -- Strong rules against currency manipulation should be central in any future free trade agreements, according to a letter sent by 10 major manufacturing industry groups to Treasury Secretary Timothy Geithner and U.S. Trade Representative Ron Kirk on Tuesday.

The Alliance for American Manufacturing, American Iron and Steel Institute and others told the country's top trade negotiators that any gains made in pacts like the planned Trans-Pacific Partnership could be negated by a country artificially depressing its exchange rate.

“Currency manipulation to gain an unfair competitive advantage...
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