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Showing blog posts tagged with currency manipulation

Trumka: America's Working Families Need Action on Currency Manipulation

Photo courtesy Ben Wikler on Flickr

Last week I issued a statement on the importance of packaging the customs bill with Fast Track Trade Promotion Authority and Trade Adjustment Assistance if senators actually were serious about strengthening U.S. trade enforcement. 

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Trumka Details Labor’s Fight Against Fast Track and Bad Trade Deals

 In an extensive interview with Vox.com, AFL-CIO President Richard Trumka outlines the labor movement’s fight against Fast Track, the flaws in the Trans-Pacific Partnership free trade agreement, the trade relationship between the United States and China and the shortcomings and negative impact on the middle class of the nation’s trade policy.

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New Bipartisan Bill Cracks Down on Currency Manipulation

New Bipartisan Bill Cracks Down on Currency Manipulation

A bipartisan group of senators and representatives unveiled legislation Tuesday to clamp down on countries—like China—that cheat trade law by manipulating their currency. That cheating has cost millions of U.S. manufacturing jobs and is a major reason for the massive U.S. trade deficit.

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What if I Told You There Was a Way to Add $500 Billion to the U.S. Economy Annually?

There is. It involves reducing the U.S. trade deficit, which hovers around that $500 billion mark. Dave Johnson of Campaign for America's Future asks you to think about how that money could be spent.

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If We End Currency Manipulation by 2015, How Many Jobs Will Your State Gain?

If We End Currency Manipulation by 2015, How Many Jobs Will Your State Gain?

A hat tip to the Economic Policy Institute (EPI) for this handy map that calculates the jobs created as a share of state employment from ending currency manipulation by 2015

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Want to Create 5.8 Million New Jobs? Here’s How

Want to Create 5.8 Million New Jobs? Here’s How

If the United States acted forcefully to end currency manipulation by China and other nations—and there is legislation to provide the government the tools to do so—it could create as many as 5.8 million jobs (40% in manufacturing) and reduce the nation’s trade deficit by as much as 72.5%, according to a new report from the Economic Policy Institute (EPI).    

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Growing Threat of Currency ‘War’ Could Derail Global Economic Recovery

Growing Threat of Currency ‘War’ Could Derail Global Economic Recovery

China has long been known as the globe’s biggest currency manipulator. China undervalues its currency—the yuan or the renminbi— and that raises the price of U.S. exports and suppresses the price of Chinese imports into the United States. This artificial price advantage is a major factor that encourages U.S. businesses to shut down operations here and manufacture in China instead, costing the U.S. millions of manufacturing jobs and is a major reason for the massive U.S. trade deficit.

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Bills Would Curb Job-Killing Currency Manipulation

Bills Would Curb Job-Killing Currency Manipulation

AFL-CIO President Richard Trumka released a statement today announcing support for the Currency Exchange Rate Oversight Reform Act of 2013 and its companion legislation in the House, the Currency Reform for Fair Trade Act of 2013. Trumka warned that currency manipulation by foreign governments leads to the loss of manufacturing jobs in the United States.

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New Report: End China Currency Manipulation, Create Jobs

Photo by jackace/Flickr

If the United States implemented trade policies to end currency manipulation—especially by China—not only would that reduce the U.S. trade deficit by $190 billion to $400 billion over three years, it would be a major first step in reviving the nation’s manufacturing sector and creating up to 4.7 million jobs, according to a new report from the Economic Policy Institute (EPI).  

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Murphy Says, ‘Make It in America’

Photo by Srqpix/Clyde Robinson/ Flickr

Freshman Sen. Chris Murphy (D-Conn.) says one of his top priorities in the Senate is advancing a “Make It in America” jobs agenda. Murphy, who founded the House “Buy American” Caucus, outlined that agenda in a conference call Wednesday sponsored by the Campaign for America’s Future and the Alliance for American Manufacturing

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