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Trump Says Dollar 'Getting Too Strong,' Won't Label China a Currency Manipulator
Mr. Trump, in an interview with The Wall Street Journal, also said his administration won't label China a currency manipulator in a report due this week. WASHINGTON—President Donald Trump said Wednesday the U.S. dollar "is getting too strong" and he would prefer the Federal Reserve keep interest rates low. He left open the possibility...
Donald Trump said as much abut China last week:Mr Trump, in an interview with the Wall Street Journal, also said his administration won't label China a currency manipulator in a report later this week. The correct response to all of this is to do absolutely nothing of course, for cheaper imports make Americans richer. But cheaper imports make us richer, we get to have the import and also some other thing with the money we've saved. For years now a certain section of the public has been screaming that China and various other nations are currency manipulators. China, Japan, South Korea and Taiwan remained on a list for special monitoring of currency practices, China by virtue of a massive trade surplus with the United States.
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collected by :John Miller