ZCZC
BCN-15
US-CHINA-EU-CURRENCY-BANK-TRUMP
Trump accuses China, EU of currency manipulation, blast Fed
WASHINGTON, July 21, 2018 (BSS/AFP) – President Donald Trump on Friday
attacked China and the European Union for keeping their currencies
artificially low to gain a trade advantage, while again blasting the Federal
Reserve for raising interest rates.
In a pair of tweets, Trump said “China, the European Union and others have
been manipulating their currencies … while the US is raising rates while
the dollar gets stronger and stronger with each passing day.”
That is “taking away our big competitive edge.”
After criticizing the Fed in an interview, Trump again lambasted the
central bank, saying “Tightening now hurts all that we have done.”
BSS/AFP/HR/1005