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| Trump called China a currency cheat. Then he changed his mind. Now he's changed it again. "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 ...
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| Trump Contradicts His Own Administration, Accuses China of Manipulating Its Currency Just last week, Trump's Treasury Department chose not to label China a currency manipulator, noting that the yuan has actually risen in value against the dollar recently. (It's up to about 9 percent year over year.) Some believe the Chinese have let that happen specifically to appease Trump and avoid ...
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| Treasury Finds China Is Not Improperly Devaluing Currency; Trump Disagrees: DealBook Briefing The United States Treasury opted on Friday not to label China a currency manipulator, finding that it was not improperly devaluing the yuan. But President Trump directly contradicted the findings of his own Treasury Department, taking to Twitter Monday to say that China and Russia, were playing the ...
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| Inclusion in currency manipulator watch-list unlikely to impact rupee The US Treasury adding India to its watch-list for currency manipulation is also adding concerns to the rupee. India's trade deficit widened in March. Data released by the Ministry of Commerce showed that the trade deficit widened to $13.69 billion in March. The deficit was $11.98 billion in February and ...
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| Trump slamming Russia for currency devaluation shows lack of knowledge or bias – analyst to RT The Russian Central Bank free-floated the national currency in late 2014 and focused on replenishing reserves instead. This means that only supply and demand determine the value of the ruble in comparison with the US dollar, euro, pound sterling, Japanese yen and other currencies. Over the four ...
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