Is China currency manipulator?

According to President Trump, it is. Or maybe not. So far, since 2013 he reversed his position on the issue 5 times. He can’t make up his mind on whether China is suppressing its currency. On Monday morning, seemingly out of the blue, he tweeted this that Russia and China are “playing devaluation game.” 

That contradicts a report released by his own Treasury Department just a few days ago, which did not identify China as a currency manipulator. 

 

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He complained about it back in 2013 when he was a private citizen, and on the campaign trail he continually vowed that he would put an end to the practice, saying it gave Chinese exports an unfair edge in global markets.

”On day one of a Trump administration, the US Treasury Department will designate China a currency manipulator,” he wrote in a Wall Street Journal op-ed in 2015. In his Contract With the American Voter describing his plan for his first 100 days in office, he pledged: “I will direct the Secretary of the Treasury to label China a currency manipulator.”

But just a few months into his presidency, he abruptly reversed his position, saying China was actually not manipulating its currency — a major policy reversal that calmed fears of a trade war.

Now Trump seems to have flipped yet again on the issue. 

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Time to replace Treasury? Its report is the third consecutive analysis released during the Trump presidency to avoid labeling China a currency manipulator.

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Either White House stuff is so incompetent, they didn't even know Treasury issues this report or the staff is so afraid of offending Trump that they won't give him any information that contradicts his worldview. Anyway, they should check his Twitter account frequently now and see if they still have a job

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In fact, Treasury report noted that in 2017, China’s currency had risen in value, which should help reduce the US’s trade deficit with China — which is the president’s main concern when it comes to Beijing’s currency practices.

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13 minutes ago, 李伟王芳 said:

even if it is, Trump would miss it

I guess Treasury report wasn't on Fox & Friends

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17 minutes ago, Nigerian Price said:

According to President Trump, it is. Or maybe not. So far, since 2013 he reversed his position on the issue 5 times. He can’t make up his mind on whether China is suppressing its currency. On Monday morning, seemingly out of the blue, he tweeted this that Russia and China are “playing devaluation game.” 

That contradicts a report released by his own Treasury Department just a few days ago, which did not identify China as a currency manipulator. 

 

It's well known that China hasn't been a currency manipulator for over a decade. They've been allowing their currency to slowly gain value with a managed float. 

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Well, you can't exactly slap sanction after sanction on a country and expect its currency to boom, can you? That's hilarious, actually and I admit to laughing out loud when I read Trump's tweet. "...just as we're raising our interest rates!"

If you'll excuse the naive question, don't all countries "manipulate" their currencies to make the best of them?

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