The Opening Salvo in a Clash Over Currencies

Feb 2, 2017 | 02:46 GMT
The Opening Salvo in a Clash Over Currencies
White House criticism of monetary policy surfaced this week, bringing the long-simmering issue of currency manipulation back to the fore.

U.S. President Donald Trump and his administration this week leveled fresh criticism at countries that have long been the targets of currency manipulation charges. First, a chief White House trade adviser accused Germany of taking advantage of the weak euro to exploit the United States and its own European trade partners. The same day, Trump leveled a broadside at China and Japan's monetary policies, accusing them of pursuing devaluation strategies that have harmed U.S. trade. The increased focus on currencies may provide a window into U.S. tactics in coming discussions over global trade....

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