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"Ford minces no words accusing Japan of unfair trade practices" Mark Phelan,FreePress

Mark Phelan from the Chicago autoshow: Ford minces no words accusing Japan of unfair trade practices.

Ford exec Joe Hinrichs: Make trade agreement fair - FreePress
Mark Phelan
February 6, 2014


Ford will oppose any trans-Pacific trade agreement that does not open up the Japanese car market and prevent governments from manipulating currencies to give one nation’s manufacturers an unfair advantage, the chief of Ford’s North and South America business said Thursday.

About half of Toyota’s recent $5-billion quarterly profit arose from Japanese government actions to depress the yen’s value, Joe Hinrichs told the Chicago Economic Club.

Hinrichs said Ford supports free trade and open markets, but he said Japan has a history of manipulating its currency to help its industry and hurt others.

“American jobs are at risk,” Hinrichs said. “It’s a real issue. Currency manipulation is the major trade barrier in the 21st Century.”

He called for the proposed Trans-Pacific Partnership trade treaty to include specific, detailed language regarded currency policies and open markets. Such language has been drafted by the Automotive Policy Council, a trade group that represents Ford, Chrysler and General Motors...

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Re: "Ford minces no words accusing Japan of unfair trade practices" Mark Phelan,FreeP

Imagine if you will the utter debacle that operates under the guise of Free Trade, and the media can only speak of things which are nigh on irrelevant.
 

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Re: "Ford minces no words accusing Japan of unfair trade practices" Mark Phelan,FreeP

Just more proof that free trade and the global economy spin only works for American companies that want to offshore manufacturing.

Japan didn't need to offshore their auto manufacturing to Asia and Mexico to conquer the American auto market , they set up shop right in America and with American government aid too, who knew
 
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