Currency manipulation
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Currency manipulation, also known as foreign exchange market intervention and currency intervention, "occurs when countries sell their own currencies in the foreign exchange markets, usually against dollars, to keep their exchange rates weak and the dollar strong. These countries thereby subsidize their exports and raise the price of their imports, sometimes by as much as 30-40%. They strengthen their international competitive positions, increase their trade surpluses and generate domestic production and employment at the expense of the United States and others," according to C. Fred Bergsten, senior fellow and director emeritus at the Peterson Institute for International Economics.[1]
See also
- Investor-State Dispute Settlement (ISDS)
- North American Free Trade Agreement (NAFTA)
- Trade adjustment assistance (TAA)
- Trade promotion authority (TPA)
- The Trans-Pacific Partnership trade deal: An overview
- The Transatlantic Trade and Investment Partnership
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