As a presidential candidate, Donald Trump seemed quite animated on the issue of China and its alleged currency manipulation. He vowed to label China a currency manipulator literally on his first day in office (Jan. 20, 2018). BROKEN
In March 2017, Trump blasted China as the “grand champions” of currency manipulation. A year ago (April 2017) he said that China actually isn’t manipulating its currency.
April 16, 2018, Trump declared on Twitter that China is “playing the Currency Devaluation game (manipulating the currency),” which he added is “not acceptable!”
Three days after the Trump administration last admitted China is not devaluing its currency – the third time in a year Trump’s administration had made this assessment – Trump personally declared that China is devaluing its currency. Yet, he pointed to no proof and offered no explanation for why he rejected his own Treasury Department’s findings. He said it was simply his own assessment and “feeling.” Trump’s claims are false according to his own administration’s data.
Trump is actually uncertain about what the Trade Deficit truly means or how it works.
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