Foreign media: US President Trump hopes for a weaker dollar, and some Chinese advisors also suggest that appreciation of the RMB can promote imports.
US President Trump believes that weakening the dollar is a "simple step" to revitalize the US economy.
Economic logic shows that a weaker dollar can weaken the competitiveness of Chinese products and narrow the US trade deficit. Trump said that a strong dollar is not conducive to exports and tourism, and pointed out that China and Japan have long hoped to maintain a weak currency. This year, the tariffs he imposed, if combined with exchange rate rebalancing, would have a greater effect.
However, Trump has not taken strong measures, such as designating China as a "currency manipulator."
Original: toutiao.com/article/1852750087016460/
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