Archive | Currency

China Says It Won’t Stop Manipulating Currency

Reposted from the Campaign for America’s Future blog ***** China Says It Won’t Stop Manipulating Currency Dave Johnson  |  July 15, 2014  |  Campaign for America’s Future Going into last week’s U.S.-China Strategic and Economic Dialogue (S&ED) a key issue was China’s ongoing currency manipulation. This matters. A February study by the…

Posted in China, Currency2 Comments

Some comedy from Jack Lew on a Friday

Ha, ha, ha… The U.S. Treasury Secretary and his top aides left Beijing last night thinking they had a won big battle in their effort to get China to strengthen the value of the yuan. China had agreed to reduce intervention in its currency markets to “what are really extraordinary…

Posted in China, Currency1 Comment

China: We won’t stop price-fixing our currency

The U.S.-China Strategic and Economic Dialogue is occurring this week.  For at least 10 years, the U.S. has asked China “pretty please… can you stop manipulating and undervaluing your renminbi?”  China always says “No… we want to grow really fast so we won’t stop.” Of course, they are growing really…

Posted in China, Currency1 Comment

CPA Letter regarding Currency Manipulation Issues in Trade Agreements

One of CPA’s top issues is currency manipulation.  Paul Volcker once said: “In five minutes, exchange rates can wipe out what it took trade negotiators ten years to accomplish.” CPA and others sent a letter to Secretary Jacob Lew and Ambassador Michael Froman last week demanding that any future trade agreements…

Posted in Currency, Trade Agreements8 Comments

China Faces Yuan on Yuan as U.S. Decries Weak Currency

Reposted from Bloomberg.com ***** China Faces Yuan on Yuan as U.S. Decries Weak Currency Ian Katz  |  July 7, 2014  |  Bloomberg.com Among the half-dozen U.S. Treasury officials traveling to Beijing for talks with their Chinese counterparts this week, Sharon Yuan will, as usual, carry the heaviest suitcase. Yuan’s stuffed gray Travelpro…

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Steel Institute Joins Autos and Other Industries in Joint Outreach to Administration on Currency Manipulation

Reposted from Steel Guru ****** (Note from the Editor: CPA was one of the several signatories to the currency letter mentioned below.) Steel Institute Joins Autos and Other Industries in Joint Outreach to Administration on Currency Manipulation   The American Iron and Steel Institute and a dozen other pro manufacturing groups impacted…

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China Takes Step Toward Freeing Currency from State Control

Reposted from The New York Times ***** China Takes Step Toward Freeing Currency from State Control Reuters  |  July 3, 2014  |  The New York Times SHANGHAI — China has permitted banks to freely set their own exchange rates for the renminbi against the dollar in over-the-counter transactions — another…

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What Is Currency Manipulation?

Reposted from Campaign for America’s Future ***** What Is Currency Manipulation? Dave Johnson  |  June 22, 2014  |  Campaign for America’s Future Currency manipulation is a big deal. It is costing up to 5.8 million American jobs and costs U.S. GDP by up to $720 billion. So what is currency…

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Senators Sessions and Brown Push Currency Reform

Keeping up the legislative fight for currency reform, Senators Jeff Sessions (R-AL) and Sherrod Brown (D-OH) have penned a letter to President Obama.  The letter refers to the upcoming Strategic and Economic Dialogue that the administration continues to engage in with China.  Obama is urged to lay out a strong…

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Senators Tell USTR That Asia Trade Pact Is In Jeopardy Without Currency Provisions

Reposted from Manufacturing & Trade News ********* Senators Tell USTR That Asia Trade Pact Is In Jeopardy Without Currency Provisions Richard McCormack | May 21, 2014 | M&T News Despite hundreds of requests from members of Congress, U.S. Trade Representative Michael Froman has not included currency manipulation in negotiations for…

Posted in Currency, Trade, Trade Agreements11 Comments

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