Global Devaluation Is "Very Dangerous" To The US Economy.
US Republican presidential candidate Trump (Donald Trump) said on Thursday (March 10th) that the global currency depreciation hurt the US economy and led to the loss of jobs in the US.
He also defended the United States for its tougher stance on trade matters.
When asked about the decision of the European Central Bank (ECB) to cut interest rates on Thursday, Trump told CNBC that such a practice leading to currency devaluation is prompting the pfer of manufacturing and other jobs to countries and regions outside the United States.
Trump said, "we sit idly by.
As far as I am concerned, this will become a very dangerous situation. "
The European Central Bank on Thursday showed almost all the tools of global monetary stimulus, reducing all three interest rates and expanding the scale of asset purchases to stimulate inflation and boost the economy.
However, after the European bank cut interest rates, the euro launched a startling rebound, the ECB's Euro.
Depreciation plan
Another setback may be a comfort for Trump.
Trump thought it was more effective.
Economic measures
It is a tax on products manufactured abroad and sold in the United States, rather than devaluing the currency.
Data show that at present
Trump
There are 458 delegates, and Cruz has 359 votes.
There are 165 delegates to compete for next Tuesday's winners in Florida and Ohio, and Trump has an advantage in two states.
Trump said that if free trade is "fair", he supports free trade, but the United States has been "cheap" in such negotiations.
After winning 3 states in 4 primary elections this Tuesday, Trump, the leader of the Republican Party, got about 100 more votes than Cruz (Ted Cruz), giving him a greater lead to meet the crucial 5 state primary election in March 15th, which may mean Trump basically locked the nominee status.
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