Trumps designation of China as a currency manipulator doom trade talks Watch

Napp
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Well could we really expect anything more from this simpleton? I do find it amusing that the biggest losers will be his voting base in farming states though... oh what a shame.


https://foreignpolicy.com/2019/08/06...s-trade-talks/
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AngeryPenguin
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Trump doesn't have control over that designation. That's the US Treasury Department. Trump has been promising to designate it a currency manipulator for years, and the Treasury have until now refused.

The Treasury's designation is a response to China's very sharp currency devaluation - breaking through the 7 yuan per dollar for the first time since 2008.

https://www.cnbc.com/2019/08/05/chin...r-tariffs.html
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Napp
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(Original post by AngeryPenguin)
The Treasury's designation is a response to China's very sharp currency devaluation - breaking through the 7 yuan per dollar for the first time since 2008.
More like another salvo in the trade war. China's manipulation of its currency is, to be blunt, irrelevant. The US manipulates its currency as well as many of its allies and partners.
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AngeryPenguin
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(Original post by Napp)
More like another salvo in the trade war. China's manipulation of its currency is, to be blunt, irrelevant. The US manipulates its currency as well as many of its allies and partners.
> Makes thread complaining about China being called a currency manipulator
> Says China's manipulation of currency is irrelevant

What is the point of this thread?
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Napp
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(Original post by AngeryPenguin)
> Makes thread complaining about China being called a currency manipulator
> Says China's manipulation of currency is irrelevant

What is the point of this thread?
Can you not read?
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999tigger
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It doesnt matter because you should be looking at the game of politics and power behind the talks. Lots of it is just show.
China is like no other entity because of the power of its government to control every aspect of society, including economic policy.
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Rakas21
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China is definitely a currency manipilator (it does not float freely) however it has to in order to neuter the effect of the tariffs on its exports.

That said the OP is following the wrong logic. Trump has no reason to strike a deal until next Autumn when in the midst of an election campaign he can play the hero. Even if there is no deal struck and the economy suffers, he can play to his base about how unreasonable the Chinese are being.

Since Congress backs his tarrifs, its unlikely the Democrats will argue against this.
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