Trump Accuses Russia, China of "Playing Currency Devaluation Game"

Trump Accuses Russia, China of

In particular, Trump blamed China for currency manipulations and proposed to raise the issue of country's consignment to the rules of the World Trade Organization (WTO).

US President Donald Trump took a swing at the Russian and Chinese regimes on Twitter on Monday, in his latest public statement on rising trade tensions.

The US Head of the Government on his "Twitter" has made the statement that China and Russian Federation allegedly play a role in the devaluation of currencies and this is "not acceptable".

I don't know why he's tying U.S. interest rates into that but ok.

Against the yuan, the United States dollar has fallen by 8.6 percent since January 20, 2017, while it has appreciated 4.5 percent against the rouble. That gain was entirely erased by a two-day drop of 8.4 percent in the rouble on April 9 and 10.

More widely, the USA dollar index, which measures the greenback's value against a basket of major trading partner currencies, has declined by 11.2 percent since Mr Trump became president.

Federal Treasury Department in Friday released semi-annual report is again called one of the biggest trading partners of the country of the currency manipulators, continuing efforts to reduce the huge trade deficit with China through negotiation and the imposition of duties.

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