The U.S. Treasury Department labeled China a currency manipulator Monday after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies.
The decision, which came hours after President Donald Trump accused China of unfairly devaluing its currency, marks a reversal for Treasury: In May, it had declined to sanction China for manipulating its currency.The designation could pave the way for more U.S. sanctions against China. Earlier Monday, China had allowed its currency to weaken to an 11-year low, a move that gives its exporters a price edge in world markets and eases some of the damage from U.S. tariffs on Chinese products.
Well there's an actual currency stock market, with currency traders.
What is made in China today & shipped to the U.S. that cannot be made in the U.S.A? This is a fight by big corporations to keep the American jobs they have shipped overseas for more profit. Wall Street is owned by them and the 1%.
And who's the one that pissed off China?
Boycott China junk goods, by American.
And the POTUS is a people manipulator; so what?
The Trump Regime has called China a currency manipulator, yet the Trump Regime escalated this trade crisis with this crazy A$$ policies, hurting the American economy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Treasury designates China as a currency manipulatorChina added its currency to the weapons it is willing to use in the trade war, and now it's up to President Trump to make the next move. Where is the patriotic movement to stop buying “made in China”.. stop buying clothes and shoes made in China like and retweet Yep, file a complaint with the IMF, an organization Trump ridicules. KenDilanianNBC Trade War officially just got HOT.
Source: CNBC - 🏆 12. / 72 Read more »
China destabilizing Indo-Pacific: U.S. Defense SecretaryChina is destabilizing the Indo-Pacific, U.S. Defense Secretary Mark Esper said ... You mean 'China is not doing what WE want it to do, so we think that is destabilizing.' Right? The US destabilizing the whole world!!! As opposed to Trump, who is destabilizing the whole world !
Source: Reuters - 🏆 2. / 97 Read more »
Asia markets set to decline amid US-China trade concernsStocks in Asia were set to trade lower on Monday as investors remain concerned over a recent escalation in the U.S.-China trade war.
Source: CNBC - 🏆 12. / 72 Read more »
Futures point to Dow opening more than 300 points lower amid US-China trade turmoilFutures on Sunday evening pointed to an opening decline of more than 300 points for the Dow Jones Industrial Average at Monday's open. Futures and opening mean nothing. All about the closing price because the market is volatile in the last hour. And this is a shock to literally no one. DumpYourStocks Kudlow can’t goose it anymore
Source: CNBC - 🏆 12. / 72 Read more »
China reportedly halts US agricultural imports in retaliation for Trump's tariff increaseMarkets were sent on a whirlwind late last week after tensions between Washington and Beijing re-escalated. Looks like China is hurting. Has to pay to fake news mafia for such items? Thanks Trump. BankruptcyKing ImpeachmentInquiryNow CHINA CAN BUY IT ELSEWHERE STUPID
Source: CNBC - 🏆 12. / 72 Read more »
Dow tumbles over 800 points as U.S.-China trade fight intensifiesStocks trade sharply lower, with Wall Street joining a global equity selloff after China allowed its currency to fall to a more-than-10-year low versus the... And almost the same drop coming tomorrow hopefully Thanks, Trump. Hope so!
Source: MarketWatch - 🏆 3. / 97 Read more »