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Source: U.S. not seeking dollar depreciation in tariff talks
2025-05-14 21:49

Odaily News U.S. officials negotiating trade deals around the world have not tried to include currency policy commitments in the terms of the deal, according to sources. 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 source said that U.S. Treasury Secretary Benson is the only member of Trump's economic team responsible for currency affairs, and has not authorized other officials to consult on currency policy with trading partners. Relevant negotiations will only be carried out when he is personally involved. (Jin Shi)