Trump Accuses Japan and China of Currency Manipulation, Threatens New Tariffs

The U.S. president claims unfair currency practices harm American manufacturers and suggests tariffs as a potential solution.

President Trump alleges that Japan and China are deliberately devaluing their currencies to gain an unfair trade advantage over the United States.
In remarks at the White House, Trump suggested that imposing tariffs on imports from Japan could address the issue quickly and effectively.
Japanese Finance Minister Katsunobu Kato denied the accusations, stating that Japan is not pursuing currency depreciation policies.
Trump also confirmed that new tariffs of 25% on imports from Canada and Mexico, and 10% on Chinese imports, would take effect on Tuesday.
Trump highlighted the challenges faced by U.S. manufacturers, such as Caterpillar, in competing globally due to what he described as currency manipulation by foreign nations.