The Trump administration designated China as a currency manipulator, ratcheting up its trade war by slapping the world’s No. 2 economy with a label no U.S. president has used since 1994.The move by the Treasury Department, following a series of sharp tweets from President Donald Trump earlier Monday, comes after China allowed the yuan to tumble — triggering a sharp sell-off in the U.S. stock market.
The new duties are scheduled to take effect on Sept. 1 unless the two sides are able to patch things up before then. But on Monday, that possibility seemed increasingly remote. U.S. officials had no immediate comment on the Chinese Commerce Ministry statement. However, U.S. farm sales to China are already down sharply this year a result of the trade war.
He's also been heaping pressure on the Federal Reserve to cut interest rates to boost the U.S. economy. Last week, the Fed cut its key interest rate by a quarter of a percentage point, citing the uncertainty caused by Trump's trade policies as one reason for the move. Lower interest tends to drive down the value of the dollar.
Amber44210014 End trade with China completely until forced abortion ends and until state sponsored dog farms are shut down, dog torture punishable by law, dog consumption banned and Yulin Festival ended!!!
China's not the bad one here. The bad one is the one that refused to listen to all his advisers, advisers that warned him, 'No one can win a Trade War, everyone loses. And that if the tit for tat continues to escalate, it could at some point lead to a military confrontation'.
You go POTUS. Keep doing your job as it should be done. And to all the POTUS haters your day is coming. Keep your eyes on the sky & stop texting while you're driving.
“Daddy, what were ‘farmers’?”
You could stop trade all together til these lumps get ironed out. Find some other markets in the world.
That's because the other presidents have the testicals
maggieNYT You know, for being GOP, realDonaldTrump sure does have a lot in common with BillClinton. From his immigration rhetoric, to this latest action, I can't help but think he's one of the Old Guard DNC. It sickens me how far-right they used to be! Should I swear at him again?
Trumps manipulating as well he has basically given our farm business to Russia with his stupid tariffs. Does anyone see his methodical efforts to destroy our country. Havoc on race, trade, and deconstruction of government. He is a traitor and needs to be removed
How ironic
Trump is responsible for the shootings in Ohio and Texas!!
Trump is unfit👎
According to the measures used by the IMF the latest China moves are not Cutrency Manipulation stevenmnuchin1 is not strong enough to tell realDonaldTrump to butt out
👏🏻👏🏻👏🏻
Trump OWNS China. He is making ABSOLUTE FOOLS of those commies. Not one negative consequence to Americans whatsoever. But for America-hating commies like Politico , it’s a dagger straight through the broken heart.
Give them the same sanctions as Russia
Needless to say,because China is a dictatorship.
Has been happening more years than he has been president.
It’s about time. Sometimes doing what needs to be done for the long term is right thing politically. Of course political schreechimg will emerge.
How dare he and his administration state a fact!!!
Lovely.
Guess what Country was getting copied on every email on Hilly’s server? Declass coming
You people are so negative towards your own President when you should be supporting him and your country. It’s a JOKE and an embarrassment to our nation. Trump condemned white supremacy today and it still isn’t enough. That’s how we all know that you’re all jokes
maggieNYT And thanks, the market took a significant dive today, Mr Art of Terrible Deals! NicolleDWallace AriMelber RepJerryNadler SpeakerPelosi KamalaHarris SenSchumer tribelaw SenWarren TRUMP IS RUINING EVERYTHING GREAT ABOUT OUR COUNTRY! Impeach
Funnaly some has the courage to call China what they are manipulators in all currency, trade and stealing technology while imposing global dictatorship system
AND.....
maggieNYT “Trade wars are good, and easy to win.”
maggieNYT Here comes the big world recession the Americans have been spoiling for
Promise kept! Trump2020
Now you see why this moron was never a successful businessman, all smoke and mirrors. He has ruined the Country for decades to come, all the farmers are now on food stamps and he’s not done yet. MAGAMYASS
SaraCarterDC only TRUMP is brave enough to state facts!!
Knowing the Chinese, they anticipated the latest tariffs and likely this move as well and have also likely mapped out the next 24 months. I don't think Trump has. He is just reacting.
Trump is so good at this 3D chess thing 😬😩🤬
maggieNYT Notice he ONLY uses pejoratives for peoples of color? Why aren't the Chinese MENTALLY DISTURBED about trade policies?
SaraCarterDC Good 🤷♂️
maggieNYT Because he perpetually lives in a time before 2000
The move by the Treasury Department, following a series of sharp tweets from President Donald Trump earlier Monday, comes after China allowed the yuan to tumble – triggering a sharp sell-off in the U.S. stock market
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