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A key to healing U.S. economy? Curbing currency manipulation
A key to healing U.S. economy? Curbing currency manipulation

After spending five long years negotiating the Trans-Pacific Partnership trade agreement, the Obama administration is now pushing for the fast-track authority from Congress that would make it easier to get the final deal approved. One serious problem is that the TPP is not likely to include rules on currency, which is leading lawmakers from both parties to consider opposing the agreement. They are right to be concerned. A good deal, from the American perspective, would have rules preventing countries from strategically depressing the value of their currency. Japan, Malaysia and South Korea have all been identified as engaging in such manipulation. While this point may seem obscure, the...

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