The rise of the Donald has come as a surprise to many in the politics game, including a large swath of Democrats hoping to see one of their own in the White House in 2017. Many Democrats can’t seem to decide whether a Trump nomination improves or hurts their chances, but lawmakers on the left generally speak with one voice in decrying his candidacy.
The funny thing is that candidate Trump says some things that make him sound a little left of center on the campaign trail. Sure, he voices some controversial thoughts on an immigration overhaul, but he often strikes a more moderate chord when talking about issues like infrastructure spending, taxes and potential military action in the Middle East, Russia and China.
Of course, that doesn’t mean that Democrats are going to be stumping for Trump anytime soon. It turns out just about the only issue some are ready to back him on so far is his opposition to the pending Trans-Pacific Partnership.
Many Democrats share Trump’s concern that currency manipulation protections are weak in the 12-nation deal, which could cost Americans jobs.
“I agree with Donald Trump: I’m tired of seeing Mexican plants be built and American jobs be lost,” Rep. Debbie Dingell (D-Mich.) told reporters in early February. “So, I will stand with Donald Trump and talk about currency manipulation--any place, any time--to educate the American people. But I won’t talk about anything else with Donald Trump.”
One of the most common forms of manipulation comes when a country purposefully devalues its currency by buying up U.S. dollars and flooding the market with its own currency reserves. This is a particular concern in the auto industry, where observers say countries such as China and Japan help their car makers undercut U.S. manufacturers on prices stateside and make exported vehicles pricier abroad.
Unlikely Pair Shares Similar Message
Trump has called the TPP a “horrible deal.” The sprawling trade agreement was wrapped up by negotiators late last year and Congress could take it up in the coming months. Although China isn’t a party to the agreement, he said the deal doesn’t do nearly enough to stop Japan from keeping its currency artificially low.
“If you look at the way they take advantage of us, it’s through currency manipulation,” Trump said during a January Republican debate performance. “Currency manipulation is the single great weapon.”
Compare that to what Rep. Rosa DeLauro (D-Conn.), a staunch TPP critic and thought leader on the left, said of the trade agreement during a Capitol Hill press briefing earlier this month. “One devaluation has the power to devastate so many families,” DeLauro said. “Just think about what will happen when we enter a trade agreement with known currency manipulators.”
Given Trump’s recent stance on right-to-work, the TPP issue is probably the only one on which he and DeLauro will find themselves on the same side.
Access timely and reliable insight and information on a wide range of labor and employment issues with a free trial to the Labor & Employment Law Resource Center .
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)