Another Reason TPP Won’t Work: Currency Manipulation

August 19, 2015

Last week, China, the world’s second largest economy, devalued its currency by about 4% against the dollarVietnam—a party to the ongoing Trans-Pacific Partnership (TPP) negotiations—followed suit. This devaluation makes it tougher to sell U.S. goods on the world market—by making “Made in America” goods relatively more expensive and Vietnamese and Chinese goods relatively cheaper. 

Previous Article
In the States Roundup
In the States Roundup

It’s time once again to take a look at the battles for the rights of working...

Next Article
Union Summer Interns and Carwasheros Are Cleaning Up a Dirty Industry
Union Summer Interns and Carwasheros Are Cleaning Up a Dirty Industry

Carwasheros, workers in the car wash industry who are coming together to...