114th Congress

We know the impact currency manipulation has had on the U.S. economy. Currency manipulation has cost U.S. workers between one million and five million jobs – and is responsible for as much as half of excess unemployment in the United States. It has contributed to stagnant wages for the middle class and to inequality in the United States. Even opponents of addressing currency manipulation in TPP recognize that currency manipulation is a “legitimate problem.”

The TPP negotiations provide a critical opportunity to raise environmental standards among countries that account for nearly 40% of the world economy. But if not done effectively, TPP risks locking in weak environmental standards that will be even more difficult to strengthen in the future. With the environmental provisions still unresolved in TPP, it is vital that the United States push for strong commitments and full enforceability.