Trump Says The US Dollar Is Too Strong, And It's His Fault

Cheryl Sanders
April 13, 2017

Trump and Xi spoke by telephone Tuesday night, just days after their two-day gathering at the president's Mar-a-Lago resort. We had a very good bonding.

There are fresh concerns about the French presidential election and possible USA military action against Syria and North Korea.

"I do like a low-interest rate policy, I must be honest with you", he said. "Unfortunately the President's failure to name China a currency manipulator is symptomatic of a lack of real, tough action on trade against China", he said in a statement. That will be all right, too. The president confirmed this decision in a press conference Wednesday afternoon. I think it's a lot of excess baggage. "I like her, I respect her".

In an interview with The Wall Street Journal, Trump also said he would like to see US interest rates stay low, another comment at odds with what he had often said during the election campaign.

"It's hundreds of billions of dollars of year for many, many years". They told me. That's how they do it. I said you know, we're not going to let that go ahead. "Instinctively, you would say, "Isn't that a ridiculous thing" ..."

But China is reluctant to push Pyongyang too hard economically, because it fears that could lead to serious instability or even total regime collapse in North Korea. One of the primary outcomes of the Trump-Xi summit was a 100-day plan whereby China would ostensibly move toward satisfying the Trump administration's asks on "fair" trade.

A U.S. Treasury spokesman confirmed to Reuters that they will not name China as a currency manipulator in their upcoming report.

"However it also continues to raise doubts about the administration's ability to deliver on campaign promises, which include the all-important pledge for tax reform".

President Donald Trump signaled that he was making a major reversal on two campaign promises during an eye-opening interview with The Wall Street Journal Wednesday.

Donald Trump has stopped short of labelling China a currency manipulator, marking a change in stance from his position during last year's presidential campaign. "That's part of the reason that I may go the other way", Trump said.

One factor that may have helped expedite that process is North Korea's relentless ballistic missile testing and pugilistic rhetoric, which has much of the global community on edge.

U.S. president Donald Trump spent most of his time on the campaign trail blaming China for a "wanton manipulation" of their currency by devaluing the yuan and "robbing Americans" of money and jobs-a claim that puzzled economists and business executives alike, because it hadn't been true for about a decade. -Russian relationship has reached an "all-time low" amid differences over Syria.

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