WASHINGTON, D.C.: US President Barack Obama’s administration on Tuesday (Wednesday in Manila) came out strongly against Democratic proposals to curb currency manipulation as part of a sweeping Pacific trade pact Washington is negotiating with 11 nations.
While the White House reiterated its support for a recent deal that gives President Barack Obama “fast-track” authority to sign free-trade agreements without interference from Congress, some members of his party seek to attach measures that would add enforceable currency manipulation rules.
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