Sources: US Not Seeking Dollar Devaluation in Tariff Talks
Odaily Planet Daily News: According to sources, U.S. officials engaged in global trade agreement negotiations have not attempted to include currency policy commitments in the agreement terms. The foreign exchange market is experiencing significant volatility due to concerns that the Trump administration intends to devalue the dollar or use trade negotiations to achieve this goal. On Wednesday, the Korean won surged nearly 2% against the dollar, and the yen also strengthened, while earlier this month, the New Taiwan dollar saw its largest increase in decades. The source stated that U.S. Treasury Secretary Besent is the only member of Trump's economic team responsible for currency affairs and has not authorized other officials to engage in currency policy discussions with trade partners. Such negotiations will only take place when he is personally involved. (Jin10)
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