Must-Read: An interesting political tack by ex-USTR Portman. TPP doesn’t make any attempts to constrain “currency manipulation”. But it doesn’t contain any provisions that make “currency manipulation” easier. And I, at least, had not thought that the rules-of-origin on auto parts mattered at all…
: Republican Senator Portman Opposes TPP Trade Deal in Present Form: “Dealing a significant blow to the pact a day after officials from 12 countries signed it…
…Portman, from Ohio, said the Pacific trade deal fails to meet the needs of his state’s workers because it lacks an enforceable provision to fight currency manipulation and because of new, less-stringent country-of-origin rules for auto parts. ‘I cannot support the TPP in its current form because it doesn’t provide that level playing field,’ Portman said…