US Treasury designates China as a currency manipulator

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China 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.

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.

"Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator," the Treasury Department said in a release. "As a result of this determination, Secretary Mnuchin will engage with the International Monetary Fund to eliminate the unfair competitive advantage created by China's latest actions."

 

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KenDilanianNBC Imagine that. Imagine them or NK, Putin or Iran doing anything sneaky or manipulative. That is a given isn't it. In most administrations. Trump doesn't care about those things. He wants to be liked and told he is a genius. Nothing else matters to him. And he rewards them.

The Great Negotiator Emperor Trumpus Maximus falls back to name calling to win trade war. Will China accept a presidential pardon for the note they hold for bailing out the US farmers ?

KenDilanianNBC This would seem like kicking a beehive...

... This isnt news, this has been know for years

*chaos intensifies*

Bex_Lyn ETTD

Trade deal 90% complete

KenDilanianNBC So here it is........the Trump deflection!

Yep! US30 was a nice ride today 😎

this is what real and strong leadership looks like.All other Dems r a farce comparing to Trump.

KenDilanianNBC Recession coming

KenDilanianNBC yeah trade wars are easy to win

KenDilanianNBC Trade War officially just got HOT.

ahhhh, yes, the Emporer’s New Clothes

Yep, file a complaint with the IMF, an organization Trump ridicules.

Where is the patriotic movement to stop buying “made in China”.. stop buying clothes and shoes made in China like and retweet

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