Trump Accuses China and Japan of Currency Manipulation, Threatens New Tariffs
President Trump claims unfair currency practices harm U.S. manufacturers, while both nations deny devaluation allegations.
- President Trump alleges that China and Japan are intentionally devaluing their currencies to gain trade advantages over the United States.
- Trump hinted at imposing additional tariffs on imports from Japan and China as a potential response to what he describes as unfair currency practices.
- Both China and Japan have denied the accusations, with Japan's Finance Minister Katsunobu Kato emphasizing that Tokyo is not pursuing a currency devaluation policy.
- Economists argue that Trump's claims contradict China's efforts to stabilize the yuan and prevent further depreciation amid a strong U.S. dollar and trade tensions.
- Trump's remarks follow the implementation of new tariffs on imports from Canada and Mexico, with China also facing additional tariff measures.