Exclusive: Trump calls Chinese ‘grand champions’ of currency manipulation

From Reuters, by Steve Holland and David Lawder

A logo of yuan is seen at a foreign exchange store in Shanghai, China, December 1, 2015. REUTERS/Aly Song

WASHINGTON – President Donald Trump declared China the “grand champions” of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a more methodical approach to analyzing Beijing’s foreign exchange practices.

In an exclusive interview with Reuters, Trump said he has not “held back” in his assessment that China manipulates its yuan currency, despite not acting on a campaign promise to declare it a currency manipulator on his first day in office.

“Well they, I think they’re grand champions at manipulation of currency. So I haven’t held back,” Trump said. “We’ll see what happens.”

Read more at Reuters



Categories: Economy, Politics

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