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Author Topic: Trump accuses China of 'manipulating' its currency  (Read 1287 times)

ForexMan

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on: September 18, 2018, 01:26:35 PM
Donald Trump has again accused China of manipulating its currency to combat US tariffs.

The accusation, made in an interview with Reuters, echoes claims the US President made during his 2016 campaign and repeated last month.

Mr Trump also criticised the head of the US Federal Reserve for raising interest rates, prompting the dollar to fall back.

The US and China will hold talks in Washington this week on trade.

Many doubt that the discussions, which involve lower-level officials, will be successful in defusing the tensions.

Mr Trump told Reuters he did not expect much from the meeting, which follows failed negotiations this spring.

He also said he had "no time-frame" in mind to bring the clash between the economic giants to a close.

Analysts have already voiced fears that the trade war between the US and China could become a currency war as well.
Trade war in progress

In July, the two countries imposed a first round of tit-for-tat tariffs affecting trade worth $34bn (£26.5bn).

https://www.bbc.co.uk/news/business-45251091



 

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