MNI BRIEF: US To Seek Currency Commitments - USTR Greer

The United States will be looking to see if other countries will be willing to include commitments not to lower the value of their currency relative to the dollar as part of various trade negotiations, U.S. Trade Representative Jamieson Greer said Sunday, adding that he expects "meaningful deals" with several countries in the "next few weeks." 

"We certainly are in these kinds of discussions with these countries to see if they're willing to make these types of commitments as well," Greer said in an interview with CBS News. Currency manipulation or misalignment "can have a negative impact on U.S. exporters and unfairly advantage foreign exports into the United States," he said, pointing to currency chapters in the USMCA and the Japan-U.S. agreements from the first Donald Trump term. (See: MNI INTERVIEW: White House Warns China Not To Devalue Yuan)

"We have a USD1.2 trillion trade deficit that Biden left us with. It's the highest in human history. And currency is certainly part of that," Greer said.