National Farmers Union President Roger Johnson today denounced the Chinese government’s recent decision to devalue its currency, an unfair move that hurts U.S. family farmers’ and ranchers’ ability to export goods to China. Johnson called for the administration to ensure currency manipulation is prohibited in the final Trans-Pacific Partnership (TPP) agreement.
“This deliberate currency manipulation by the United States’ second largest trading partner, and largest supplier of goods imports, is a prime example for why the U.S. needs to prioritize meaningful measures to address currency manipulation with our trading partners,” said Johnson in a letter to U.S. Trade Representative (USTR) Michael Froman. “NFU strongly urges the administration to include a prohibition on currency manipulation in the TPP to protect the U.S. from unfair trading practices and preserve jobs across America.”
