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NFU Backs Lawmakers Efforts To Include Currency Provision In Trade Deals

NFU Backs Lawmakers Efforts To Include Currency Provision In Trade Deals

Photo: WNAX


A pair of lawmakers in both the Senate and House have stated Congress shouldn’t grant the President trade promotion authority unless a provision is put in all trade deals keeping countries from manipulating their currencies. National Farmers Union’s Vice President of Government Relations Chandler Goule says his group backs that effort.

Goule says there have been problems with several nation’s that manipulate their currency in order to gain a trade advantage and it’s not just with some members of the Trans Pacific partnership talks but with other potential agreements.

Goule says his group is concerned that if currency manipulation is allowed to continue that it will continue distorting the value of imported and exported goods and increase the likelihood the U.S. existing trade deficit will continue to rise.

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