Trump defends reversal on China, says working together on North Korea problem
US President Donald Trump on Sunday defended his reversal on whether to call China a currency manipulator, saying on Twitter that China was helping with the North Korean problem.
Why would I call China a currency manipulator when they are working with us on the North Korean problem? We will see what happens!
— Donald J. Trump (@realDonaldTrump) April 16, 2017
On Saturday, the Trump administration officially declined to brand China a currency manipulator, in another major U-turn for the US president, who had repeatedly pledged during his campaign to do so soon after taking office. The reversal by the Treasury department was one of the almost half-a-dozen instances when Donald Trump or his administration have gone back on his poll campaign promises.
On February 23, 2017, Trump had declared China the “grand champions” of currency manipulation, just hours after his new Treasury secretary pledged a more methodical approach to analysing Beijing’s foreign exchange practices. In an exclusive interview with Reuters, Trump said he had 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 …read more
