Exclusive: Senator says preparing new push against currency cheats in trade

Reuters News
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Posted: Jan 22, 2015 5:30 PM

WASHINGTON (Reuters) - U.S. lawmakers are preparing a new push to stop trading partners unfairly manipulating their currencies to gain an export advantage, a senior Democrat said on Thursday.

Michigan Senator Debbie Stabenow said she was working with colleagues from both parties on a possible standalone bill to stop currency cheats and also aimed to ensure an ambitious Pacific trade pact included strict currency rules.

"We are talking about the right time to introduce a bill," she said in an interview with Reuters. "Our message is that we should not agree to any trade agreement that does not have strong currency enforcement."

(Reporting by Krista Hughes; Editing by Sandra Maler)