Global Currency Depreciation Is "Very Dangerous" To The US Economy

U.S. Republican presidential candidate Donald Trump) said on Thursday (March 10) that the global currency devaluation hurt the US economy and led to the loss of US jobs. He also defended his call for the United States to take a tougher stance on trade matters.

When asked about the decision of the European Central Bank (ECB) to cut interest rates on Thursday, Trump said to CNBC that such practices leading to currency depreciation are promoting the transfer of manufacturing and other jobs to countries and regions outside the United States.

Trump said, "We just sit back and ignore it. As far as I am concerned, it will become a very dangerous situation."

On Thursday, the European Central Bank unveiled an almost available tool for global monetary stimulus policy, cutting all three major interest rates and expanding asset purchases to stimulate inflation and boost the economy.

However, after the ECB cut interest rates, the euro rebounded dramatically Depreciation plan Another setback may also be a "comfort" for Trump.

Trump believes that more effective Economic initiatives It is to tax products manufactured overseas and sold in the United States, rather than devalue the currency.

Data shows that at present Trump There were 458 delegates and 359 for Cruz.

In Florida and Ohio, the winner takes all next Tuesday, there are 165 delegates available for competition, and Trump has advantages in both states.

Trump said that if free trade is "fair", he supports free trade, but the United States has been "taken advantage of" by all parties in such negotiations.

After winning three of the four state primaries on Tuesday, Trump, the leader of the Republican Party, won more delegates than Ted Cruz) added about 100 more, so that he could have a greater lead in the crucial five state primaries on March 15. The result may mean that Trump basically locked the position of nominee.