Reflections

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.
(DANIEL LEAL-OLIVAS/AFP/Getty Images)

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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