US Treasury Department labels China a currency manipulator

FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. The U.S. Treasury Department labeled China a currency manipulator Monday, Aug. 5, after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies.

WASHINGTON — 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. 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.

Trump had gone on Twitter to denounce China’s move as “currency manipulation.” He added, “This is a major violation which will greatly weaken China over time.”

Calling the kettle black yet again. He is a stock market manipulator. Every time he says he is going to put tariffs on this or that, the stock tumble, there is massive sell off and his friends buy the stock on the cheap.

To all you POSs out their that don't think this is right, we could be more competitive if we put our kids to work in factories & we could reinstitute slavery..China has been raping the US for decades because idiots run this country who just fill their own pockets & their families

Trump winning

This is 'news'

They are playing tic for tac... US threatened tariffs and China said checkmate mfer!!!!!

Good, let him jump

The moron in chief keeps on taxing them any competent leader will do whatever is needed to lessen the tax impact.

This is what happens when someone with little to no education is in charged of the US. and decides to start a trade war with one of the smartest, most strategic people in the world. Didn’t the US learned the “cheap labor” lesson. Always about the quick buck. trumpthenazivote

I believe that would be TRUMP who has done all of that.

The labeled.. now what happens? Is this mostly symbolic or does something happen to China?

I thought trade wars were easy? Thanks for making things cost more for the American people.

The should label Trump an incompetent president...this is all his doing!

Trump is to blame as well. His tariff war will never work and is a tax on the American consumer.

Pushed down? How?

They left out Russian Asset.

Well, that’ll straighten China up... Stock market was overvalued anyway.

More authentic Dan Dan noodles for me!

Beijing did not push down the value of the yuan. Your article is fundamentally wrong

Another Trump tantrum not based on facts

'trade wars are good, and easy to win' President Donald Trump

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US Treasury Department labels China a currency manipulatorNEW: U.S. Treasury labels China a currency manipulator 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 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. And the POTUS is a people manipulator; so what? Boycott China junk goods, by American.
Source: ABC - 🏆 471. / 51 Read more »

Treasury labels China a currency manipulator, ratcheting up trade warBREAKING: The Trump administration has 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 maggieNYT Notice he ONLY uses pejoratives for peoples of color? Why aren't the Chinese MENTALLY DISTURBED about trade policies? SaraCarterDC Good 🤷‍♂️
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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.
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US declares China a currency manipulator, says it's using yuan to gain 'unfair advantage' in tradeChina 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. 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. stevenmnuchin1 realDonaldTrump and the entire administration are Manipulators pot calling kettle black!
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U.S. designates China as currency manipulatorThe Trump administration has designated China as a currency manipulator, Treasury Secretary Mnuchin said, adding that the U.S. will engage with the IMF to eliminate 'unfair competitive advantage' 'engage with the IMF'. Isn't Tom Cruise getting a bit long in the tooth for this stuff? Beware the trump administration is destroying democracy.
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US designates China as a 'concrete' currency manipulatorThe last time the US named China a currency manipulator was in 1994. We playing follow the leader here? Trump is a stock market manipulator the likes of which has never been seen. all keep printing..
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