America is seeking to include an item that prevents currency manipulation in future trade agreements

[yota691]

America is seeking to include an item that prevents currency manipulation in future trade agreements

 

Arab and international Economy News _ Baghdad US Treasury Secretary Stephen Menuchin said the United States wanted to include an anti-currency clause in future trade agreements, including with Japan, in line with the currency clause of the new agreement to amend the North American Free Trade Agreement (NAFTA). The comments raised concern in Japan, with local media reporting on the front pages asking whether this would give Washington the right to coin currency manipulation of any future interventions in the currency market by Tokyo to contain any sharp rises in the value of the yen. The yen is often seen as a "safe haven" in Asia, which attracts money flows to it during times of market turmoil that can increase its value in the short term. Washington sees the currency item in the United States-Mexico-Canada (UEMCEC) as a model for future trade deals to prevent trading partners from manipulating currencies, Menuchin told reporters at the IMF and World Bank's annual meeting in Bali, Indonesia. . Manochin criticized China for recent devaluations in the yuan, saying Washington also wanted to make the currency issue a key part of any talks to resolve the US-China trade dispute. Views 12   Date Added 14/10/2018

[Butifldrm]

America is seeking to include an item that prevents currency manipulation in future trade agreements

 

Arab and international

Economy News _ Baghdad US Treasury Secretary Stephen Menuchin said the United States wanted to include an anti-currency clause in future trade agreements, including with Japan, in line with the currency clause of the new agreement to amend the North American Free Trade Agreement (NAFTA). The comments raised concern in Japan, with local media reporting on the front pages asking whether this would give Washington the right to coin currency manipulation of any future interventions in the currency market by Tokyo to contain any sharp rises in the value of the yen. The yen is often seen as a "safe haven" in Asia, which attracts money flows to it during times of market turmoil that can increase its value in the short term. Washington sees the currency item in the United States-Mexico-Canada (UEMCEC) as a model for future trade deals to prevent trading partners from manipulating currencies, Menuchin told reporters at the IMF and World Bank's annual meeting in Bali, Indonesia. . Manochin criticized China for recent devaluations in the yuan, saying Washington also wanted to make the currency issue a key part of any talks to resolve the US-China trade dispute.   http://economy-news.net/content.php?id=13972

Views 474   Date Added 10/14/2018

[Pitcher]

Long over due.  Thanks for the article Buti.