Name: アメリカが中国を為替操作者と言った理由 (Why the US labelled China a currency manipulator)
Uploaded: 2021-01-14T08:20:43.000Z
Duration: 3 min 18 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：

00:00:03,720 --> 00:00:06,060 Why label China a currency manipulator now?

Well, it is something that administrations

have considered in the United States for close to 20 years.

It is something that the Trump administration has been talking

about since the very beginning of the administration,

Donald Trump made it very clear that it was something

he wanted to do, and then was talked out of it internally,

and it wasn't really a part of the early trade discussions

But now a lot of the people who resisted have left

and it looks like other people who have resisted

and Robert Lighthizer at the US Trade Representative's Office

The problem for the United States Treasury

a lot of really good options to do anything

about the value of the yuan versus the dollar,

The United States is about 25 per cent of global trade,

but the dollar itself is used, it says, for about 60

of the denominations of international trade contracts.

The dollar is used far beyond its value of buying things

to be artificially high which means if you make things

you're going to have a hard time selling abroad.

And particularly for the last five years or so the Fed,

until very recently, was in a hiking cycle.

your capital to the United States and invest.

The European Central Bank and the Bank of Japan

There we're sort of discouraging the value of assets.

They were driving down the value of assets,

which again discourages people from buying those currencies.

So if you want to do something about the value of the dollar,

and it's not just Donald Trump who wants to do this.

a Democratic senator, has said as an explicit part

So what you have to do is convince the Fed that it's got

to drop way below what's indicated it's preparing

to drop, and then you have to get a bunch of other central

banks - over which you don't even have jawboning control,

you don't even have any modicum of political control -

to do you a favour basically, and raise rates on their own

economy to encourage investment from abroad in their economy.

And so right now, all the Trump administration really can do

All it can do is say: we think that the dollar

they're changing the 20-year-old strong dollar policy the United

The Democrats were thinking about this as well.

So all this leads us back to the original question.

Why declare China a currency manipulator now?

Well, the answer is they needed to do something,

and right now it's the only thing they can do.

字幕リスト動画再生

アメリカが中国を為替操作者と言った理由 (Why the US labelled China a currency manipulator)

sort

bunch

basically

campaign