Japan was also in the firing line on Monday.
The US president accused the country of currency manipulation, and hinted he might respond with tariffs.
Trump said other countries are deliberately pushing down the value of their currencies to give their economies a competitive advantage. He singled out Japan and China.
Trump said he had phoned Chinese President Xi Jinping and Japanese leaders. He said he told them that they can't continue to devalue their currencies against the dollar because it's unfair to the US.
Trump said the easy solution for America is to impose tariffs on its trading partners.
The Japanese finance minister denied that his country has been weakening the yen.
Kato Katsunobu pointed out that the government and the Bank of Japan have intervened to strengthen its currency in the past, most recently last year.
by Boomfire1
22 comments
Why even bother with excuses? That old guy just wants to tariff everyone
Trump is basically putting tariff against America’s old allies. First with Canada, Mexico, then EU and Now Japan. The only country he has improved America’s relationship with so far is Russia.
Poor Japan trying it’s hardest to increase the yens value only to have trump go crazy with tariffs and weakening the dollar.
This might explain how his brain works when he interfaces with the inscrutable Japanese business world:
> https://www.bbc.com/news/articles/c4gp5pw654lo.amp
I wonder how the old Japanese man on the bus who told me Trump good Biden bad will feel after he takes aim at Japan 😅
Just tariff the entire world except Russia already you fucking tool
He’s basically declaring economic war against all democratic nations while either pulling his punches against some dictatorships (China) or actively trying to increase trade with others (Russia).
Japan will come into his crosshairs for real at some point.
In the meantime, do not buy US products, do not travel to the US, do not have anything to do with that country while its under that lunatic’s thumb. He is a threat to us all.
what’s funny about this is that he has done that (currency manipulation) in this current term.
he started a crypto coin that was a total rugpull where he and some others ended up winning.
Everything he does or says is because old man Poots wants it.
Japan still has a manufacturing sector, were very open about supporting Ukraine, and have disputed islands with Russia.
Destabilizing Japan relations with the US only helps Russia.
Hey, I’m all for a weak dollar and a strong yen.
The guy has no idea of world economics, simply thinks of getting more for less on his behalf, every time.
If Japan did what he wants it to do, its economy would be so utterly fucked. You can’t just make sweeping changes and have things be all hunky dory. I’m sure the US economy will see that soon enough, but sadly the fact its so huge and broad will mean part of the impact can be shouldered, so won’t be so obvious.
Anyway, he can fuck off.
can someone do it already.
He doesnt know what a tariff is does he? He thinks tariff means the exporting country pay tax to the US. Tariff means importers pay the tax.
Watching the imperial core of our era going up in flames is really fascinating and scary.
If anything, Japan is trying its very best to make yen more valuable. Trump doesn’t know Japan printed too much money by issuing too much government bonds for which economic symptoms are finally showing (inflation without wage growth being one of them).
Oh my fucking god
I honestly can’t believe we haven’t seen Trump do something extremely offensive in regards to Japan like that episode of King of the Hill where they visit. Probably only a matter of time.
I guess it’s my fault for feeling optimistic about the Japanese economy for once
Every day, I sit in awe, thinking about the majority of Americans who voted this guy in, not once but twice.
Warranty problems? Tariffs
Mesothelioma? Tariffs
Out of peanut butter? Tariffs
[this is what old man orange is starting to remind me of, but with Tariffs ](https://youtu.be/sKiLfH3DVGc?si=8od5rp53j7rEYP60)
I hope Japan does not forget that the Plaza Accords that US initiated in 1985 to deprecate the USD and appreciated the Japanese Yen (among other currencies) was partly responsible to sparking off the great “Lost Decade” in the Japanese economy at that time and reacted accordingly this time
[https://en.wikipedia.org/wiki/Plaza_Accord](https://en.wikipedia.org/wiki/Plaza_Accord)
he’s going nuts. i hope japan finds better allies