Trump Drops Campaign Promise to Label China a Currency Manipulator
- Bond yields and the dollar fall after his interview with WSJ
- USD strength ‘my fault because people have confidence in me’
Pres. Trump Unlikely to Brand China Currency Manipulator
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President Donald Trump said he won’t brand China a currency manipulator, retreating from a core campaign promise, though he argued that a strong dollar is hampering the ability of American firms to compete.
Trump, in an interview with the Wall Street Journal on Wednesday, appeared to acknowledge that China hasn’t been intervening to weaken its currency recently. “They’re not currency manipulators," he said.