Trump accuses China, Europe of currency manipulation, unfair stimulus

Trump accuses China, Europe of currency manipulation, unfair stimulus
  • Clock-gray 18:39
  • calendar-gray 03 July 2019

The remarks come amid the ongoing trade dispute between China and the US , which began last year when President Donald Trump slapped 25-percent tariffs on $50 billion worth of Chinese goods ostensibly in a bid to fix what he called Beijing’s "unfair trade practices". Since then, the sides have exchanged several rounds of duties, APA reports citing Sputnik.
 
US President Donald Trump has taken to Twitter to accuse China and Europe of “playing big currency manipulation game and pumping money into their system in order to compete with USA”.
 
“We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games - as they have for many years!” he tweeted.
 
The remarks came a day after Trump stated that a trade deal between Washington and Beijing is already in the works and that negotiations are underway via phone.
 
This preceded Trump and his Chinese counterpart Xi Jinping meeting on 27 June on the sidelines of the Osaka G20 summit and agreeing to resume trade talks, which had been paused since a breakdown in May.
 
“We’re going to work with China where we left off,” Trump said at the time, also vowing for the “time being” to hold off on his plan to impose tariffs on some $300 worth of billion Chinese imports.

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