Sources: The United States is not seeking a weaker dollar in tariff talks
2025-05-14 16:42:23
On May 15, according to people familiar with the matter, US officials who are negotiating trade agreements around the world are not trying to include exchange rate policy commitments in the terms of the agreement. Foreign exchange markets are volatile over concerns that the Trump administration intends to push the dollar down or use trade talks to achieve that goal. The South Korean won surged nearly 2% against the dollar on Wednesday, the yen also strengthened, and the Taiwan dollar rose to a multi-decade high earlier this month. The person said that US Treasury Secretary Vincent is the only member of Trump's economic team responsible for exchange rate affairs, and has not authorized other officials to conduct exchange rate policy consultations with trading partners. The relevant negotiations will only be launched when he is personally involved.
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