America is seeking to include an item that prevents currency manipulation in future trade agreements

America is seeking to include an item that prevents currency manipulation in future trade agreements


 
10/14/2018

Economy News _ Baghdad

US Treasury Secretary Stephen Menuchin said the United States wanted to include an anti-currency clause in future trade agreements, including with Japan, in line with the currency clause of the new agreement to amend the North American Free Trade Agreement (NAFTA).

The comments raised concern in Japan, with local media reporting on the front pages asking whether this would give Washington the right to coin currency manipulation of any future interventions in the currency market by Tokyo to contain any sharp rises in the value of the yen.

The yen is often seen as a "safe haven" in Asia, which attracts money flows to it during times of market turmoil that can increase its value in the short term.

Washington sees the currency item in the United States-Mexico-Canada (UEMCEC) as a model for future trade deals to prevent trading partners from manipulating currencies, Menuchin told reporters at the IMF and World Bank's annual meeting in Bali, Indonesia. .

Manochin criticized China for recent devaluations in the yuan, saying Washington also wanted to make the currency issue a key part of any talks to resolve the US-China trade dispute.

http://economy-news.net/content.php?id=13972

Chins sold the bonds over the years from 1896 till 1039. They have totally ignored request to settle the Defaulted Chinese Bonds. Bondholders today purchased these valid debts much like you purchased a failing bank! Strictly as investments!
Please assist us in these debt obligations to get China to a meeting with bondholders. It is way past due time to settle this issue for both China and US Citizens in a fair and equitable resolution that protects both sides.