US Treasury Secretary Steven Mnuchin speaks on regulatory issues associated with crypto currency in the briefing room at the White House in Washington, DC, on July 15, 2019.The U.S. Treasury Department on Monday designated China as currency manipulator, a historic move that no White House had exercised since the Clinton administration.
The formal designation — the first since President Bill Clinton's administration in 1994 — came after China on Monday allowed its currency to breach a psychological level. "This is another step in the currency war," he added. "This also makes trade more difficult. This is probably bi-partisan. Many Republicans and Democrats think china is taking advantage of us."took to Twitter to voice his opinion, accusing Beijing of manipulating its currency as the trade war between the world's largest economies intensified.
The main thing we have to realize is that Mnunchin, Trump and the GOP trickle down economics are a farce. The world maket moves on without the US. The only thing to trickle down is the extra tariff charges to the American citizens.
Oh dude can someone put a bag over this guy’s head? UglyAF
If China spends its last dollar trying to prop up its currency it will not be the winner. If it falls they will be third world. These articles are too U.S. centric, Beijing has the problem.
Should have been done years ago by a president with spine.
'Everyone know this.' US China
The IMF to Trump to take a hike.
Yawn. So the WH and market will flip flop back and forth 12 more times or so?
It's meaningless. There is absolutely no consequence. It's also ironic as just last week or so, Trump urged the Treasury to manipulate the dollar.
Promise made, promise kept.
pot calling kettle black!
stevenmnuchin1 realDonaldTrump and the entire administration are Manipulators
What about Trumps market manipulation? Direct violation of Securities and Exchange Act of 1934. NewYork_SEC needs to investigate realDonaldTrump and TrumpInc. MarthaStewart went to prison for less.
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