Trump Warns Japan, China Against Devaluing Their Currencies

The president hints at making up for America’s disadvantage with the tariffs.
Trump Warns Japan, China Against Devaluing Their Currencies
This photo illustration shows Japanese ¥10,000 notes. Richard A. Brooks/AFP via Getty Images
Bill Pan
Bill Pan
Reporter
|Updated:
0:00

President Donald Trump said he has warned leaders of Japan and China against devaluing their currencies to gain an unfair trade advantage.

“I’ve called ... [Chinese leader] Xi [Jinping], I’ve called the leaders of Japan to say: ‘You can’t continue to reduce and break down your currency. You can’t do it because it’s unfair to us,’” the president said on Monday at the White House as he signed an executive order doubling tariffs on Chinese imports, from 10 percent to 20 percent. He didn’t specify when these conversations took place.