Trump: China devalues its currency, 'something has to be done'

Trump: China devalues its currency, 'something has to be done'
  • Clock-gray 17:20
  • calendar-gray 10 June 2019

Earlier, the United States delayed the imposition of its 25 per cent tariffs on Chinese imports from 1 June to 15 June, according to a notice from the Office of the US Trade Representative (USTR) published in the Federal Register last week, APA reports citing Sputnik.

US President Donald Trump has addressed the issue of the trade row with China in an interview with CNBC broadcaster on Monday noting that the Asian superpower has been devaluing its currency, and "something has to be done" about this. 

He explained that the currency devaluation could be potentially creating an uneven playing field. 

Commenting on the potential deal with Beijing, Trump expressed his belief that China will make a trade deal with the US because Chinese authorities need to do so.

Trump also mentioned Asian tech giant Huawei, emphasising that it could be part of a trade agreement between Washington and Beijing. 

In addition, he spoke about the forthcoming G20 meeting, stressing that if Chinese President Xi Jinping does not meet the US leader at the event, tariffs on $300 billion worth of Chinese goods will become immediately effective. 

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