(Charles Wallace – Forbes)
Many years before President Trump won the 2016 presidential election, he labeled China a country that manipulates the value of its currency to hurt the United States in trade.
“When will the US government finally classify China as a currency manipulator?” Trump tweeted in 2011. “China is robbing us blind and @BarackObama defends them.”
Like President Obama, when Trump became president, her backed down from that charge. In 2017, he told journalists that China was not a currency manipulator. But he was right back in 2011 and he’s right now.
The question is: what is the U.S. going to do about it? Click here to read more.
- China’s Stealth Yuan Devaluation Catching Trump’s Attention (Bloomberg)
- China Using Russian Strategy in Trade War With America (Axios)
- China Cuts Taxes to Protect Its Economy From the Trade War (CNN)
- China to Speed Up US$199 Billion of Domestic Spending to Protect Growth (SCMP)