Particle.news

Download on the App Store

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.
Hero image