President Donald Trump declined to label China as a currency manipulator Wednesday, although he has previously criticized the country for de-valuing its currency.
“They’re not currency manipulators,” Trump told the Wall Street Journal.
He told reporters evidence shows China has not been manipulating its currency for months. Furthermore, he does not want to jeopardize bilateral cooperation on the North Korea issue. During a phone call with China’s president, the two leaders discussed options for addressing the “menace of North Korea.” (RELATED: Trump’s Not Holding Back Against The ‘Grand Champions’ Of Currency Manipulation)
“I explained to the President of China that a trade deal with the U.S. will be far better for them if they solve the North Korean problem!” Trump tweeted Tuesday.
He threatened to label China a currency manipulator on his first day in office on the campaign trail, but backed off some before entering the White House. He reprimanded China again in February, calling them the “grand champions at currency manipulation.”
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