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US Trade Chief Defends Pacific Trade Deal Auto Rules

U.S. Trade Representative Michael Froman defended rules governing trade in autos as part of a Pacific trade pact and warned that trying to renegotiate parts of the deal could unravel the whole thing. The Trans-Pacific Partnership (TPP) will cut trade barriers for a dozen nations but has angered U.S. carmakers and some lawmakers by stopping short of sanctions against countries that deliberately weaken their currencies. Froman said a separate declaration by TPP partners not to manipulate...

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