Clinton takes aim at forex policies of China, Japan


U.S. presidential candidate Hillary Clinton warned Tuesday she would take retaliatory action against Japan and China if she wins the White House, saying the two nations have intentionally weakened their currencies to aid exporters.

“China, Japan and other Asian economies kept their goods artificially cheap for years by holding down the value of their currencies,” Clinton said in a column published in the daily Portland Press Herald in Maine.

The former secretary of state is in the lead to win the presidential nomination of President Barack Obama’s Democratic Party for the Nov. 8 election, U.S. media polls and primary election results show.

“We need to crack down on currency manipulation — which can be destructive for American workers,” Clinton said, claiming foreign exchange problems have hurt the U.S. labor market.

“We need to expand our toolbox to include effective new remedies” such as retaliatory duties or tariffs on imported goods, she said.

Clinton reiterated her opposition to the Trans-Pacific Partnership, the giant free trade agreement the Obama administration signed with Japan and 10 other Pacific Rim countries as part of steps to revitalize the U.S. economy.

She expressed opposition to a trade deal that she said would fail to create jobs or raise wages for American workers, and also said she “would oppose future agreements if they failed to meet that bar.”

China is not a member of the TPP, which will cover some 40 percent of the global economy if ratified by all member nations.

  • HanZhongRiMei

    A big nail into the coffin?

  • Ron Lane

    Wow! Some balls, eh? It’s about time someone called Abenomics for what it is: crass currency manipulation. And the b*tch is, even as our living expenses have gone up as a result, it didn’t accomplish a dam*ed thing. [Well, other than stocks doubling for the rich.]

    • Saraba

      It’s just rhetoric to sway naive voters. She’s pandering because labor unions are not supporting her.

  • Jones Nimby

    TPP foe? Hardly, she’s just saying she has problems with TPP in the last 3 months in order to run to the left against Bernie Sanders. When she’s pushed him off the stage, she’ll start to work her way back to her paymasters.

    • Saraba

      Exactly. You can only trust that windbag as far as you can throw her.

    • Jones Nimby

      “But as members of the Obama administration can attest, Clinton was one of the leading drivers of the TPP when Secretary of State. Here are 45 instances when she approvingly invoked the trade bill about which she is now expressing concerns”

      Use any News Engine to search for the above quote from [Jake Tapper, CNN] if you want to see those 45 points, I’ll not post it here as links tend to get deleted on Japan Times.

  • Saraba

    Pot, meet Kettle. And what would one call the many years of QE by the FED? White woman speaks with fork tongue.

  • Al_Martinez

    Wait! Wasn’t Clinton for the TPP? Her words:

    “This TPP sets the gold standard in trade agreements to open
    free, transparent, fair trade, the kind of environment that has the rule
    of law and a level playing field.”

    Now she’s against it? Given the amount of cash from Wall Street she’s receiving, it ain’t hard to tell which side of her mouth speaks the truth.

  • Takeru Kusanagi

    And this is why she won’t win. She clearly has no idea what she’s saying.