Bennet, Portman, Brown Push for Stronger Currency Manipulation Enforcement in Trade Negotiations

Press Release

Colorado U.S. Senator Michael Bennet, Ohio U.S. Senators Rob Portman and Sherrod Brown, and several of their colleagues continued their bipartisan push to crack down on currency manipulation by foreign competitors. In a letter to U.S. Trade Representative Michael Froman and Treasury Secretary Jacob Lew, they urged the Administration to combat this practice that hurts exports, workers, and business through the ongoing trade negotiations.

"Colorado and our nation have a lot to gain from trade agreements if they are constructed to treat workers fairly," Bennet said. "However, businesses and workers are right to be concerned when countries manipulate their currency, which makes exports from our state less attractive. If a country fails to adopt fair economic policies, we should be able to take appropriate action to punish them, block them from future free trade agreements, and restrict their access to our financing and market opportunities."

Source