Bloomberg information quoted sources as reported that US President Trump is going to pull the US -China trade war to the next battlefield: the daily transaction volume reaches a global foreign exchange market of $ 5.1 trillion.However, the Ministry of Finance is worried that this will disrupt the market, trigger monetary warfare, and destroy the international currency and financial system.
Four people familiar with the matter revealed that the US Department of Commerce proposed to levy anti -subsidy tax on national courses that degraded their currencies, which made officials of the Ministry of Finance nervous and worried about disrupting the market and generalization of foreign exchange policies.It contains misleading economic assumptions and is too rough.The responsibilities of the Ministry of Finance include whether to monitor whether the trade partnership will manipulate the exchange rate.
The proposal of the Ministry of Commerce further promoted the uncertainty of US trade policies, and also deepened the impact on the US dollar.Historically, the US government mostly supports a strong US dollar policy to increase the demand for foreign bonds for US public bonds.
Pulasad, a professor of economics at the University of Estate, who is the book of the US dollar trap, said: The United States has silently turned to the vulnerable US dollar policy and is unwilling to tolerate other currencies depreciate against the US dollar.
Former official Mark Sobel, who has served in the United States Treasury for many years, said that although other countries change the exchange rate operation, although the exchange rate operation is beneficial to the United States, tariffs on countries that are undervalued by currencies will crack down on global trade funds and trigger monetary war.And harm the international currency and financial system.If other countries counterattack in the same way, the situation will only worsen.
If the United States wants to implement anti -subsidy tariffs, it shall be carried out in accordance with the structure formulated by the Ministry of Finance.An official of the Ministry of Finance said that the conditions of this structure will be formulated after the public review period on June 27; the Ministry of Finance hopes to disclose this structure and ensure that it is consistent with the half -annual monetary report.
