Michigan Members Push for Currency Manipulation Protections as President Announces NAFTA Renegotiation

Press Release

Today, U.S. Reps. Debbie Dingell (MI-12), Dave Trott (MI-11), John Conyers (MI-13), and Brenda Lawrence (MI-14) sent a letter to President Trump urging him to include strong and enforceable currency manipulation provisions in the renegotiation of the North American Free Trade Agreement (NAFTA):

"American workers deserve to compete on a level playing field, and until our trade agreements meaningfully address currency manipulation, the mother of all trade barriers, they will continue to be disadvantaged by foreign governments who don't play by the rules," said Rep. Dingell. "We need our government to fight for American workers and companies in the same manner other countries do. Strong, enforceable protections against currency manipulation must be included in the renegotiation of NAFTA and any future trade agreements to ensure we can protect American jobs and grow manufacturing in this country."

"For decades, Southeast Michigan manufacturers at every level of the supply chain have been decimated - put at a competitive disadvantage by countries that unfairly manipulate their currency," said Rep. Trott. "We need to crackdown on currency manipulators, leveling the playing field for domestic manufactures and ensuring we set the rules. Including strong and enforceable currency manipulation protections in the renegotiation of NAFTA will set a strong precedent for future trade deals, bolstering the vitality of our national economy and protecting the jobs of hardworking Michigan families."

Last month, President Trump's administration, in accordance with the Trade Promotion Authority notified Congress of its intent to begin formal trade talks with Canada and Mexico in a renegotiation of the North American Free Trade Agreement (NAFTA).

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