Since taking office (2065438+200765438+1October 20th), Trump has continued his usual style of cooking up enemies with his mouth, and has always criticized the dollar for being too strong. Other countries are manipulating exchange rates, and the market is also uneasy about this. However, the finance minister Mnuchin, who was personally nominated by him, did not cooperate and openly sang against Trump on many important issues.
Controversy Focus 1: Is China a currency manipulator?
In an exclusive interview with Reuters on February 23rd, Trump once again made surprising remarks on the topic of China's currency manipulation.
"China is the champion of currency manipulation," Trump said. Although he didn't declare China a currency manipulator on his first day in office, he didn't "shrink back" from the assertion that China manipulated the RMB exchange rate. He also said, wait and see.
Trump's tough stance has once again caused concern among all parties. But on the same day, Nuchin said that he was not ready to judge whether China was manipulating the exchange rate.
On Thursday, Nuchin said that China would not be designated as a currency manipulator until the exchange rate report in April. He said, "We have a process of considering exchange rate manipulation within the Ministry of Finance, and we will follow the procedures. We will not make any judgments as easily as in the past. "
Debate focus 2: Is the dollar strong or not?
In the middle of June 5438+ 10 this year, Trump pointed out that the "excessive strength" of the dollar pushed the United States into the abyss. 1 At the end, Navarro, the White House's top trade adviser, said that Germany was using the "seriously undervalued" euro to "hijack" the United States and its EU partners. Shortly after that day, Trump said that other countries used currency depreciation to take advantage of the United States.
On the same day, the US dollar index fell below the 100 mark, hitting a new low of one and a half months.
In an interview with the Wall Street Journal recently, US Treasury Secretary John Nuchin said that the strength of the US dollar reflects people's confidence in the US economy and its performance relative to other regions, which is a "good thing" in the long run.