Thread: Trump claims Japan, China guiding their currencies lower

US President Donald Trump alleged Monday that Japan and China are guiding their currencies lower.


"The way you solve it very easily is with tariffs," he told a news conference at the White House, hinting at fresh tariffs on imports from Japan.

"I've called (Chinese) President Xi (Jinping), I've called the leaders of Japan to say: 'You can't continue to reduce and break down your currency. You can't do it, because it's unfair to us,'" Trump said.


"It doesn't have to be tariffs. But tariffs are easy, they're fast, they're efficient, and they bring fairness." If Japan and China try to weaken their currencies and put the United States at a very unfair disadvantage, "all I have to do is say, 'Howard, we're going to have to raise the tariffs a little bit,'" said Trump, referring to Commerce Secretary Howard Lutnick.


The remarks by Trump prompted yen purchases against the dollar in New York and then in Tokyo, where the greenback stood at 148.91-93 yen at 10 a.m. Tuesday local time, down from 150.18-18 yen at 5 p.m. the previous day.

Trump claims Japan, China guiding their currencies lower

In the words of an unnamed Trump aide: "Some people seem to think Trump's playing chess, when most of the time the staff are just trying to stop him from eating the pieces."

^ Thats wrong its...

Originally Posted by beachbound

"Some people seem to think Trump's playing chess, when most of the time the staff are just trying to stop him from eating crayons."

Originally Posted by misskit

Trump claims Japan

I thought that was a bit of a stretch, even for Trump.