GM CEO Mary Barra Tells Obama The Trade Agreement With Japan Worthless Without Currency Manipulation Safeguards

General Motors Chief Executive Mary Barra wants the Obama administration to ensure that a proposed trade agreement with Japan and 10 other nations has provisions to prevent currency manipulation.

Barra raised concerns about the Trans-Pacific Partnership trade pact with members of Michigan's congressional delegation during a 45-minute meeting Wednesday morning. Her predecessor wrote President Barack Obama last summer urging the agreement to contain enforceable currency measures. U.S. automakers worry that a trade deal that didn't address currency could threaten U.S. production by allowing countries to manipulate their currency to make exports to the U.S. cheaper.

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HughJass - 1/31/2014 1:42:34 PM

+1 Boost

Once again, another CEO turns a blind eye and implements selective complaining. I suppose the Koreans don't cheat either but they give us dummies cheap tvs and phones so they're OK.

Shut them all out rather than crying because their cars can't compete.