Trump Says China, EU Have Been Manipulating Their Currencies

[demmiblue]

Source: Bloomberg

President Donald Trump says China and the European Union have been manipulating their currencies, Bloomberg News reports.

“China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge,” Trump says on Twitter.

Developing...

Read more: https://www.bloomberg.com/news/articles/2018-07-20/trump-says-china-eu-have-been-manipulating-their-currencies-jjtzde52?cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_source=twitter&utm_content=business&utm_medium=social

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Link to tweet

[NewJeffCT]

1. During the campaign

Trump pledged to name China a currency manipulator on Day 1.

It's been an extremely long first day, I guess?

[karynnj]

2. A euro is worth more in dollars now than when he was elected -they are not lowering the value

https://xe.com/currencycharts/?from=EUR&to=USD&view=5Y

[eShirl]

3. Putin is now his closest advisor.

[dixiegrrrrl]

7. We pretty much know nothing about this came out of his brain. n/t

[TreasonousBastard]

4. He's not so much a liar as an idiot...

EVERYONE manipulates currency when they can get away with it-- even us.

AFIK, the yuan/remimbi, or whatever, is still not fully convertible, so it's not properly tracked on currency exchanges. But, China can still buy and sell it and its foreign exchange surplus.

This international currency stuff gets complicated with all the funny stuff going on and I understand a little over half of it-- but that's a lot more than the Tangerine Wankmaggot.

[LastLiberal in PalmSprings]

5. Whenever Trump says something like this, it should start, "Without evidence..."

[dalton99a]

6. +1

[tinymontgomery]

8. He's killing my retirement funds

Was hoping to quit my job next year.