American automakers on Thursday pushed for rules against currency manipulation to be included in an ambitious trade pact being negotiated between the United States and 11 other Pacific Rim countries.
The American Automotive Policy Council, which represents Chrysler, Ford and General Motors, said participating nations should commit to not manipulating their exchange rates to gain an unfair competitive advantage.
U.S. automakers worry that Japanese competitors may gain an edge in the American market, especially if existing trade restrictions are loosened under the Trans-Pacific Partnership (TPP), which negotiators hope to finalize in coming months.
Source
Reuters