An interesting tidbit came across my desk yesterday about the potential signing of the Trans-Pacific Partnership (TPP) and how it could affect our relationships with international trading partners.
I had the privilege of meeting Scott Paul, the President of the Alliance for American Manufacturing (AAM) several years ago, and I applaud his efforts to keep the industry informed of what is going on in Washington. According to Paul, Washington is getting serious about signing the TPP with countries ringing the Pacific Ocean. Paul believes trade deals should give American businesses and American workers a fair shot to compete overseas, and maintains that trade deals could result in currency manipulation—and American jobs going offshore. “A TPP agreement should make sure our trading partners don’t fool with the value of their currency to get a leg up on their competition,” Paul says.
It's important to educate yourself on this topic, and contact your elected official--if you agree with Paul's sentiments--to ask them not to sign off on the TPP unless it includes penalties for currency manipulation.blog comments powered by Disqus