Trump says Japan, China cannot keep reducing value of their currencies; Proposes Additional Tariffs

Posted by Invisible825

10 Comments

  1. I have a theory that he just likes the word tariff cause I cannot explain his obsession otherwise

  2. Invisible825 on

    >Instead of complaining repeatedly over the phone over such attempts, the United States could make up for the disadvantage its manufacturers suffer by imposing tariffs, Trump added.” So all of these things add up,” he said. “And the way you solve it very easily is with tariffs.”

    >Prime Minister Shigeru Ishiba also told parliament Japan was not pursuing a so-called “currency devaluation policy,” adding that he had no phone calls from Trump on exchange-rate policy.

    >”China and Japan are not keeping their currencies cheap, and in fact they are doing the opposite,” said Chang Wei Liang, currency and credit strategist at DBS.

    Not only is Trump wrong about tariffs, and wrong about the facts, at this point he is just hallucinating conversations with foreign leaders.

  3. Maximilianne on

    I mean if you tariff China and Japan, people have less incentive to buy from them, reducing the value of their currency

  4. UnhingedRedditoid on

    Man, he’s just living in an alternate reality full time. The Bank of Japan has spent the last years doing massive currency interventions to support the Yen, using billions of dollars.

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