in Current Affairs, News
Currency Wars
It may seem that the currency wars waged from the rising of the ashes during the healing phases of the recession to now is still brewing. Trump’s latest tweets today the 2nd of December display this.
.....Reserve should likewise act so that countries, of which there are many, no longer take advantage of our strong dollar by further devaluing their currencies. This makes it very hard for our manufactures & farmers to fairly export their goods. Lower Rates & Loosen - Fed!
— Donald J. Trump (@realDonaldTrump) December 2, 2019
.....Reserve should likewise act so that countries, of which there are many, no longer take advantage of our strong dollar by further devaluing their currencies. This makes it very hard for our manufactures & farmers to fairly export their goods. Lower Rates & Loosen - Fed!
— Donald J. Trump (@realDonaldTrump) December 2, 2019
U.S. Markets are up as much as 21% since the announcement of Tariffs on 3/1/2018 - and the U.S. is taking in massive amounts of money (and giving some to our farmers, who have been targeted by China)!
— Donald J. Trump (@realDonaldTrump) December 2, 2019
As per the above, no responses yet from the countries he mentions namely Brazil and Argentina. Trump accuses them of devaluing their currencies to the strong dollar. Stating it is not “good for the farmers”. And highlights how this is affecting the United States manufactures and farmers from exporting.
Comments
Leave a Comment