Sources: The U.S. is not seeking a devaluation of the dollar in tariff negotiations.

GateUser-6433627c · 2025-05-14T22:22:30+00:00

US officials did not include exchange rate policy in trade agreement negotiations, raising concerns in the forex market. The Trump administration has been accused of wanting to promote a depreciation of the dollar, leading to increased fluctuations in the forex market. The Korean won and Japanese yen exchange rates have surged, with the New Taiwan dollar reaching its highest increase in decades. Treasury Secretary Mnuchin is the only official responsible for exchange rate matters and has not authorized others to negotiate on exchange rate policy. ( Jin10 ).

GateUser-6433627c

2025-05-14 22:22:30

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On May 15, sources revealed that U.S. officials engaged in global trade agreement negotiations are not attempting to include commitments on exchange rate policies in the terms of the agreement. The forex market is experiencing significant fluctuations due to concerns that the Trump administration intends to push for a depreciation of the dollar or to achieve that goal through trade negotiations. On Wednesday, the Korean won surged nearly 2% against the dollar, the yen also strengthened, and earlier this month, the New Taiwan Dollar saw its largest rise in decades. The source stated that U.S. Treasury Secretary Mnuchin is the only member of Trump’s economic team responsible for exchange rate matters and has not authorized other officials to engage in exchange rate policy consultations with trade partners; related negotiations will only occur when he personally participates. (Jin10)

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