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China Responds to Trump Currency Manipulation Charges Trump said Russia and China are devaluing their currencies amid a possible new round of sanctions against Russia and a simmering trade war with China. In general, when a country artificially devalues its currency, its exports become cheaper and more competitive in the global marketplace.
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Overnight Finance: Trump hits China on currency manipulation, countering Treasury | Trump taps ... Trump has routinely accused China of manipulating its currency, undercutting American manufacturers, violating trade laws and cheating U.S. politicians and companies. The president has announced $50 billion in tariffs against Chinese imports to the U.S. and has threatened to impose another $100 ...
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Trump says Russia, China playing 'currency devaluation game' WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump accused Russia and China on Monday of devaluing their currencies while the United States raises interest rates, prompting China to accuse the United States of sending confusing messages. "Russia and China are playing the Currency ...
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Mnuchin defends Trump's 'warning shot' tweet on China currency manipulation But the Treasury Department declined to label China a currency manipulator in its twice-yearly report on foreign exchange, released Friday, despite the president's repeated campaign promises to do so. Mnuchin told CNBC on Tuesday that Trump's tweet was meant to prevent China and Russia from ...
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Government Steps Up Currency Notes Printing Amid Cash Crunch There is a spurt in currency demand, Economic Affairs Secretary Subhash Garg told reporters today. Additional cash is being supplied to meet the demand and Rs 500 currency notes worth Rs 2,500 crore are being printed every day, he added. The government plans to print Rs 70,000-75,000 crore ...
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Freedium To Issue Its First Digital Currency By End Of 2018 Freedium, a company establishing a presence at the Dubai Multi Commodities Centre (DMCC), announced the launch of the first commodities backed digital stable currency, tracking the U.S. Dollar. Based on the blockchain technology, the company has plans to be operational by the third quarter of ...
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