“Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. During his 2016 campaign, Trump defiantly said he would label China a “currency manipulator” on his first day in office. That is one reason Trump has so far declined to label China a currency manipulator through a formal Treasury Department report. China exports roughly $500 billion in goods to the United States, and U.S. exports of goods to China total roughly $125 billion. What remains unclear is the significance of his Twitter post accusing China and Russia of improper currency practices, particularly if the Treasury Department fails to back those allegations up with facts.

Source: Washington Post April 16, 2018 13:50 UTC