The following statement was released in response to the agreement finalizing the Trans-Pacific Partnership made between the United States and 11 other Pacific Rim nations. The statement should be attributed to National Farmers Union (NFU) President Roger Johnson:
“Just as we feared, the Trans-Pacific Partnership (TPP) is moving forward without any meaningful language addressing one of the chief tools used by our trade competitors to ensure the playing field is never fair: currency manipulation.
“Because of this, NFU will continue to vigorously oppose this agreement and urge Congress to reject this deal as well. Gains that may have been made in the agreement to ensure fairness and equity in trade for America’s family farmers and ranchers are likely to be lost due to currency manipulation.
“Any deal that lacks tough language against currency manipulation is not worth the paper it’s written on.”