Trump says China's currency dropping like a rock

  19 July 2018    Read: 1732
Trump says China

Tensions between Washington and Beijing has been running high, with a full-scale trade war looming on the horizon, with US President Donald Trump's vision of China as an economic adversary remaining unchanged.

Trump stated that strong dollar "puts us [the US] at a disadvantage," adding that "Chinese currency is dropping like a rock.

The Trump administration has slapped 25 percent tariffs on $34 billion worth of Chinese goods, prompting a similar response from Beijing.

In an earlier round of tariffs announced in June and actualized on July 6, the United States announced 25 percent duties on $50 billion worth of Chinese goods to which China responded by imposing restrictions for the same amount of US imports.


More about: currency   China   US