Tuesday, August 5, 2025

Latest

Trump’s Trade Turmoil Continues As US Accuses Japan, China Of Currency Devaluation

President Donald Trump has once again ignited controversy by accusing Japan and China of unfairly driving down the value of their currencies, warning both nations that they “cannot continue to reduce and break down” exchange rates. This latest comment comes on the heels of new 25% tariffs on imports from Mexico and Canada, alongside a doubling of duties on Chinese goods to 20%.

Speaking from the White House, Trump revealed that he has personally contacted President Xi Jinping in Beijing and leaders in Tokyo to address what he described as intentional currency devaluation.

“You can’t do it because it’s unfair to us,” he said, adding that this practice places American manufacturers like Caterpillar at a disadvantage by making foreign exports cheaper in global markets. Citing the ongoing impact of such currency moves, he defended the imposition of tariffs as a swift way to “even the score” for American businesses.

Following his comments, Japan’s Nikkei index tumbled nearly 2% in one trading session, propelled by a surge in the yen to 148.60 per dollar, up from around 150 just a day earlier.

Japanese officials, however, rejected any suggestion that they have been intentionally suppressing the yen, with Prime Minister Shigeru Ishiba declaring that Japan is “not pursuing a so-called ‘currency devaluation policy.'”

China, for its part, has weathered years of scrutiny over its exchange-rate practices, especially after US-China tariffs rapidly escalated between 2018 and 2020. Although the Chinese yuan lost significant value against the dollar over that period, recent government intervention has steadied the currency.

Analysts such as Chang Wei Liang at DBS now see China and Japan “as being aligned with the U.S. in terms of not wanting to see excessive renminbi and yen weakness.”


Information for this briefing was found via Reuters and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

The Economist Declares China as Emerging Scientific Superpower, Challenging Western Dominance

China appears to have risen to become a scientific superpower, challenging the long-standing dominance of...

Monday, June 17, 2024, 01:20:00 PM

Surtaxes On China to Generate $473 Million, But Canadian Construction Faces Higher Costs

Canada’s recent implementation of surtaxes on Chinese-made electric vehicles, steel, and aluminum is set to...

Sunday, December 8, 2024, 03:35:00 PM

Trump Wants Keystone XL Back—But Can He Do It In A Changed Oil Market?

In a bold and controversial move, U.S. President-elect Donald Trump reportedly aims to revive the...

Thursday, November 21, 2024, 11:54:00 AM

Beijing Denies Zelensky’s Claims of Arming Russia in Ukraine War

China’s Foreign Ministry on Thursday rejected accusations by Ukrainian President Volodymyr Zelensky that Beijing is...

Friday, April 18, 2025, 11:08:00 AM

Even After Soaring in its Debut, President Trump’s Social Media SPAC DWAC Could be an Interesting Speculation

On October 20, former U.S. President Donald Trump, perhaps the most polarizing world figure in...

Friday, October 22, 2021, 03:52:00 PM