Analyzing Trump’s Statement: “China and Japan Cannot Lower Their Currency” – A Move Toward Dedollarisation?
Former US President Donald Trump’s statement, “China and Japan cannot lower their currency,” has sparked significant debate about the future of global trade, currency manipulation, and the role of the US dollar in the international economy. This statement, while seemingly focused on currency valuation, carries deeper implications. It suggests a potential shift toward dedollarisation, heavy taxation on foreign earnings from US dollar assets, and a push for countries like China and Japan to buy American goods instead of holding US Treasury securities. In this article, we’ll analyze Trump’s statement, its potential impact on global trade, and how it aligns with broader trends like dedollarisation and the rise of BRICS+.