Press Release, AFL-CIO: China’s Currency Devaluation Deepens Unfair Trade Practices

For Immediate Release August 13, 2015                 Contact: Carolyn Bobb, 202-637-5018 China’s Currency Devaluation Deepens Unfair Trade Practices AFL-CIO President Richard Trumka made the following statement after China’s latest currency manipulation: [Reposted from AFL CIO site  |  August 13, 2015] China’s recent currency devaluation – by nearly 4% on Tuesday and Wednesday – provides further confirmation…

CAF: What China’s Currency Devaluation Means

“What is good for growth in China is unfortunately bad for everybody else.”   – Bill McQuaker, co-head of the multi-asset team at Henderson Global Investors, quoted in Reuters [Reposted from the Campaign for America’s Future blog  |  Dave Johnson  |  August 12, 2015] China on Monday announced it is lowering the value of its…

Sen. Feinstein Doesn’t Understand NET Exports

A CPA member wrote to Senator Dianne Feinstein (D-CA) to ask her why she voted for Fast Track, or “Trade Promotion Authority” (TPA).  Sen. Feinstein’s answer reflects the fact that she doesn’t seem to understand that NET exports are desirable.  It’s fine to say that exports have increased, but it’s important to look at the…