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U.S. Treasury Secretary Robert Nutchin said Saturday Washington wants to include provisions to prevent currency manipulation in future trade agreements with countries such as Japan, in accordance with the exchange rate section of the newly revised North American Free Trade Agreement (NAFTA).
Noochin's comments raised concerns in Japan, where local media reported on the front page, questioning whether the United States would have the right to label Japan as a currency manipulator for such agreements if Japan intervened in the market to curb a sharp rise in the yen in the future.
Nutchin said at the annual meeting of the International Monetary Fund (IMF) and the World Bank that the United States viewed the exchange rate chapter of the U.S. -Mexico-Canada Agreement (USMCA) as a model for future trade agreements to prevent partner countries from manipulating exchange rates.


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