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John Neely Kennedy on Free Trade

Democratic Senate Challenger (LA)

 


TPP lacks safeguards against currency manipulation

State Treasurer John Kennedy, a Republican from Madisonville, called the lack of any safeguards against currency manipulation the Trans-Pacific Partnership's major flaw. That's the tactic deployed when a country artificially keeps low the value of its money against the American dollar, making imported American goods more expensive than domestically made ones. "If you're in doubt about something this important that affects 40 percent of the world's economy, then I say don't do it," Kennedy said.
Source: New Orleans Times-Picayune on 2016 Louisiana Senate race , Aug 10, 2016

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