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Post by Admin on Apr 23, 2024 18:33:26 GMT
Former President Trump of the United States posted on social media that the yen's depreciation and the dollar's highest level in 34 years in the foreign exchange market would be a blow to domestic manufacturing, calling it ``a catastrophe for the United States.''
On the 23rd, former President Trump posted on social media about the currency market, where the yen is weakening and the dollar is strengthening, saying, ``The dollar has hit a 34-year high against the yen. It's a disaster for America.''
"It sounds good to stupid people, but it's a disaster for manufacturers and the like. They'll either have to lose a lot of jobs or build factories in 'smart' countries. ” he pointed out.
He also emphasized, ``I will put restrictions on Japan and China and other countries as well.If they break the restrictions, we will see hell.''
Mr. Trump did not mention in his post what kind of restrictions he would specifically impose, but American political media outlet Politico reported that senior officials from the previous Trump administration said they would introduce restrictions if Mr. Trump won the presidential election. It is reported that the two countries are discussing a policy of inducing a weaker dollar, and there is talk of the possibility of inducing a weaker dollar in order to reduce the trade deficit.
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