Obama Issues Executive Order On Currency Manipulation Provisions In Customs Bill

The Obama administration has issued an executive order spelling out responsibilities and authority across federal departments and offices on addressing currency manipulation under the Trade Facilitation and Trade Enforcement Act of 2015, also known as the customs bill. The executive order, issued July 22, requires the Treasury Department to seek the views of the U.S. Trade Representative before undertaking enhanced analysis of a country engaged in currency manipulation in accordance with three new provisions established in the customs bill. Treasury...