International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Wednesday, February 18, 2015

U.S. Lawmakers Put Currency Cheating on Trade Agenda

U.S. one dollar bills at the Bureau of Engraving and Printing in Washington

 

(Reuters) - U.S. lawmakers on Tuesday unveiled bipartisan legislation to stop trading partners from manipulating exchange rates, and a senior Democrat vowed to keep pushing for rules against currency cheating in trade deals.

The bill would make deliberate weakening of currencies, which makes a country's exports cheaper, equivalent to an export subsidy under U.S. trade law, meaning it could be offset by import duties.

For more information read the Reuters article, here.

https://lawprofessors.typepad.com/intfinlaw/2015/02/reuters-us-lawmakers-on-tuesday-unveiled-bipartisan-legislation-to-stop-trading-partners-from-manipulating.html

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