During the election campaign, China and Mexico were two countries repeatedly on Trump's targets, and he blamed them both for everything wrong with U.S.'s economy.
He is now set to label China as a currency manipulator. He claims, according to the article, that China is using devaluation of its currency as a tactics reduce America's exports globally.
http://money.cnn.com/2017/02/24/news/economy/trump-china-currency-yuan-mnuchin/index.html?iid=SF_LN
1 comment:
China has had the claim levied against them for a while. I just don't see Trump making any meaningful change about it. Unless he really wants to start a trade war with China how will he stop them from manipulating their currency.
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