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Trump administration again declines to name China as currency manipulator

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Trump administration again declines to name China as currency manipulator

Again? When was the first time? And everyone on the planet knows Trump isn't THAT stoopid, well maybe he is.

3 ( +3 / -0 )

What a surprise. Another US president talks big but quickly gets in line to grovel and suckle upon the teat of the CCP.

10 ( +10 / -0 )

The decision not to brand China a currency manipulator had represented one of the sharpest reversals from a Trump campaign stance.

That worked well as a rethoric to get elected...

To show he is the man of his words, kind of, he will act on Switzerland only.

Switzerland is defenceless.

DT is probably hiding his cash somewhere else.

9 ( +9 / -0 )

Instead, the administration, in a report it must issue every six months, kept China and four other nations - Germany, Japan, South Korea and Switzerland - on a watch list for special attention because of their large trade surpluses with the United States.

China can make anything cheaper than we can. And those other countries can make things better than we can. Trump's approach to solving this problem is pretty second grade level.

8 ( +9 / -1 )

All mouth and no trousers.

5 ( +6 / -1 )

@katsu78

Sad isn’t it?

But it’s “all mouth and trousers”.

A lot of people put “no”in there, but that wasn’t originally part of the saying.... : )

0 ( +2 / -2 )

Obey your MASTER!!!!!!!

0 ( +2 / -2 )

Things have obviously changed and China's help is needed against North Korea. The article itself even admits that, but hey anything to score political points against Trump.

-9 ( +0 / -9 )

The decision not to brand China a currency manipulator had represented one of the sharpest reversals from a Trump campaign stance.

Xi gave Trump a paper and crayons class on North Korea and Trump, according his own account, was very impressed. Xi may have put a smiley face on Trump's picture.

Trump probably didn't know what a currency manipulator was. Someone told him it would make him sound tough if he said it.

6 ( +7 / -1 )

Xi gave Trump a paper and crayons class on North Korea and Trump, according his own account, was very impressed. Xi may have put a smiley face on Trump's picture. 

While Chuck and Nancy were in their playpens crying shaking their rattlers That they can’t be part of the fun. Time out Dems, nap time.

Trump probably didn't know what a currency manipulator was. Someone told him it would make him sound tough if he said it.

Hmmmm.....The DOW hit its 50th record high since Trump’s been in office, the highest of any president and the last one left us with a $28 trillion deficit. I think it’s safe to say, Trump’s math is on point. Lol

-9 ( +0 / -9 )

The DOW hit its 50th record high since Trump’s been in office, the highest of any president 

Perhaps you could explain the specifics of how Trump caused this leap in the Dow. I mean, how does he do it?

6 ( +7 / -1 )

Perhaps you could explain the specifics of how Trump caused this leap in the Dow. I mean, how does he do it?

Confidence in the market, confidence to business owners and corporations to want to invest, thank you, Mr. President.

-10 ( +0 / -10 )

thank you, Mr. President.

Yes, thanks Obama.

5 ( +7 / -2 )

Although I agree NK is a much more important matter than calling out China's currency manipulation, his promise to label them as such predates the worst of the current NK crisis. If he manages to get China to reel in NK or remove Kim due to agreeing not to call them manipulators, that would in some ways vindicate him

-1 ( +0 / -1 )

@Burning Bush - as much as I dislike Trump I would tend to agree with your statement.

-3 ( +0 / -3 )

Confidence in the market, confidence to business owners and corporations to want to invest, thank you, Mr. President.

I know the stock market didn't improve under Obama over on the lunatic fringe, but in reality it did after the disaster left by the president your non-partisan historians regard as a success.

It's been on an generally upward trend for a while.

8 ( +8 / -0 )

One silver lining, at least one that Inhad hoped for, was for Trump to go after a China,

3 ( +3 / -0 )

Yes, thanks Obama.

How? Funny, he’s still in office somewhere??? So I guess he’s still magically adding more to the deficit, although with Dems losing 1000 legislative seats how’s that even possible? Copperfield?

It's been on an generally upward trend for a while

Yes, a minuscule slow 1.5- 2.5% GDP over the last 8 years and the last 9 months since February when this president took office It roared off like space shuttle, 3.1% GDP! Astounding!

Countries trying to manipulate their currencies to boost their export sales will intervene to lower the value of their currency against other currencies such as the U.S. dollar. A weaker currency makes exports cheaper on global markets while making imports more expensive in the home market.

Let’s see how the Chinese will own up to this....

Not much hope though...

-7 ( +1 / -8 )

He explained in April that he believed China had stopped manipulating its currency and that it was more important to focus on cooperation with Beijing in dealing with North Korea.

Yeah right.

Should have read "he explained in April he believed it was better not to offend/ostracize China re currency/trade as it was more important to focus on cooperation with Beijing dealing with NK. Trump added he had grossly underestimated China's crucial role in the NK crisis and finally realised he'd made a rookie mistake during his campaign. Potus added 'lesson well learnt my friends".

Right decision though.

Instead, the administration, in a report it must issue every six months, kept China and four other nations - Germany, Japan, South Korea and Switzerland - on a watch list for special attention because of their large trade surpluses with the United States.

The US love their 'lists' don't they. Most wanted, trade watch, potential terrorist organisations etc. The who's who of world's 'baddest' is on a us list.

2 ( +2 / -0 )

Just seems odd that Trump gives China a free pass. Same with Russia. I thought tough talk was the hallmark of a strong leader. When does it mean when the tough talk suddenly goes away for certain countries?

7 ( +7 / -0 )

Just seems odd that Trump gives China a free pass. Same with Russia. I thought tough talk was the hallmark of a strong leader.

How do you know he’s not doing that behind the scenes? Just because you don’t see it doesn’t mean he’s not.

When does it mean when the tough talk suddenly goes away for certain countries?

Doubt it.

-8 ( +0 / -8 )

Russia and China a bit out of Trump's league. He turned into a jelly in front of the Saudis too.

He talked a good game as a candidate though. Lots of bluster and whooping. Good fun at the time.

7 ( +7 / -0 )

Confidence in the market, confidence to business owners and corporations to want to invest, thank you, Mr. President.

But of course you didn't, and can't, explain what Trump did to supposedly raise confidence.

I'll assume then that the answer is nothing.

7 ( +7 / -0 )

Russia and China a bit out of Trump's league.

And yet, every Chinese economist feel more confident that a Trump administration will get people back into Walmart shopping. Russia, different can of worms.

He turned into a jelly in front of the Saudis too. 

No, he played I perfectly, at least he didn’t go on some mindless idiotic apology tour.

He talked a good game as a candidate though. Lots of bluster and whooping. Good fun at the time.

And funnier watching the power of the left being sucked out of the clutches of the

Democratic empire. Lol

-9 ( +0 / -9 )

So you have to prove why confidence is raised? If confidence had gone down you would say it was obviously because of Trump. Doesn't matter why, just matters it is up since Trump was elected and the highest in decades.

-4 ( +1 / -5 )

How do you know he’s not doing that behind the scenes? 

So show me, I'd be happy to talk a look. All I know is that he said he would brand them a currency manipulator and he hasn't.

5 ( +5 / -0 )

This is the somewhat new way for the media to attack. Take what they know Trump shouldn't do and make an article that says "Trump didn't do X" in the headline. Then briefly mention that he shouldn't do it, then close the article by reaffirming "but he didn't do it!!"

CNN had article yesterday complaining about what Trump DIDNT tweet.

-7 ( +0 / -7 )

@Blacklabel

I think the fact that Trump said he was going to do it does factor in to this.

He was chest-thumping like a deranged animal about getting tough on the likes of China as a candidate, and the whooping noises from the crowds seemed to indicate agreement.

Do you think they are disappointed?

3 ( +3 / -0 )

But privately, who knows?

You know, I agree here. Trump and his cronies privately agree that China is a currency manipulator, but publicly they dont have the courage to say so or do anything about it.

So much for bravado!!

6 ( +6 / -0 )

"...even though Donald Trump repeatedly pledged during last year's presidential campaign..."

That itself sums up Trump's presidency, along with racism, sexual harassment, and other forms of bigotry as well as cronyism.

6 ( +6 / -0 )

No I think any reasonable person can see that the benefits of calling them out on currency manipulation at this moment are outweighed by how they can help with North Korea.

You all know good and well if he did this now people would like "Trump is so stupid! The only people who can help with NK and look what he did! He has doomed us all with his stupidity and his dog whistle for his nationalist base! What a racist to attack the poor Chinese."

-5 ( +0 / -5 )

That itself sums up Trump's presidency, along with racism, sexual harassment, and other forms of bigotry as well as cronyism

But how do you know he’s a racist? Definitely not a bigot, loudmouth, maybe, but a bigot, that’s a stretch.

Trump and his cronies privately agree that China is a currency manipulator, but publicly they dont have the courage to say so or do anything about it. 

So much for bravado!!

Has nothing to do with courage, before his presidency and throughout the 90’s, Trump has repeatedly called out China as a currency manipulator, but m sure he received a lot of advice to not blurt out what he’s been saying for years. He has to play it smart, brilliant move. Let the men handle things behind closed doors and let the left and the media run around with more tantrums. Kudos!

-5 ( +0 / -5 )

But how do you know he’s a racist? Definitely not a bigot, loudmouth, maybe, but a bigot, that’s a stretch

His comments about Mexicans, Muslims, black people, his embracing and courting white nationalism, the refusal to condemn nazis and instead equate them with BLM, Birtherism, refusing to rent to black and Puerto Rican people, pardoning a racist sheriff, his stance on the Central Park Five...

https://www.huffingtonpost.com/entry/trump-racism-examples_us_5991dcabe4b09071f69b9261

Grim reading and it does surprise me that despite on numerous occasions being furnished with the details from numerous sources, you still dismiss his bigotry and prejudice.

http://www.rollingstone.com/politics/features/trumps-long-history-of-racism-w497876

http://www.chicagotribune.com/news/opinion/commentary/ct-donald-trump-racist-20171010-story.html

https://www.irishtimes.com/opinion/una-mullally-public-permission-for-trump-s-racism-founded-in-9-11-1.3216029

4 ( +4 / -0 )

His comments about Mexicans, Muslims, black people, his embracing and courting white nationalism, the refusal to condemn nazis and instead equate them with BLM, Birtherism, refusing to rent to black and Puerto Rican people, pardoning a racist sheriff, his stance on the Central Park Five...

So in other words not being politically correct is now racist? Because the man doesn’t want to take a risk of letting in drug users and drug dealers and letting them squat is racist? Hmmm...takes on Carson, more women than any other president and appoints them to high position, one of his closests friends is PR, so besides baseless allegations, why all the hate?

-6 ( +0 / -6 )

Apologies for typos!

1 ( +1 / -0 )

He has to play it smart,

ROFL, the very people who admire him for his so called 'bluntness', now are trying to find excuses when he is chickening out.

Let the men handle things behind closed doors 

Where will Trump go then, Rose Garden?

2 ( +2 / -0 )

Blacklabel: No I think any reasonable person can see that the benefits of calling them out on currency manipulation at this moment are outweighed by how they can help with North Korea.

At this moment? You mean less than a year ago things were fine with NK and then things suddenly changed?

He could have used the currency manipulation issue for leverage against China, a country he's accused of doing nothing to help with NK. But he didn't.

All bluster.

2 ( +2 / -0 )

bass4funkToday 10:13 am JSTPerhaps you could explain the specifics of how Trump caused this leap in the Dow. I mean, how does he do it?

Confidence in the market, confidence to business owners and corporations to want to invest, thank you, Mr. President

If so why does the USD continue to be garbage against other currencies?

0 ( +2 / -2 )

Don't all countries manipulate, in as much as they can?

Anyway, capitalism as it stands, is a bust. It results in too many casualties and if left unchecked, will result in some serious unpleasantness down the road.

1 ( +1 / -0 )

It makes no sense for Trump to call out china at this moment

-1 ( +0 / -1 )

I think Trump should have called them out for leverage. China, in my opinion, still isn't doing anything to move the needle on NK and they have the most influence.

As for the reporting, Trump made it one of the focal points of his campaign, then didn't follow through. Reporting that fact isn't media bias, it's reporting a change in Trump's position.

This whole notion that "things were different way back in December" is nonsense. The only difference I can see is Trump's rhetoric and NK's responses. He did that to himself.

4 ( +4 / -0 )

Great. Then Trump said he would label China as a manipulator back when horrible things were happening with NK under Obama. Kinda blows away the thinking that Trump can't do it now because things are bad.

5 ( +5 / -0 )

Things have obviously changed and China's help is needed against North Korea. nothing has changed for the last 20+ years, its just that China knows that Trump needs their help in dealing with NK and they've played him like a fiddle. Trump is all hot air, when he finally has to put the big boy pants on he realizes that you cant get everything your own way, you scratch my back Ill scratch yours. Now lets watch Mexico play Trump with the drug cartels as leverage

2 ( +2 / -0 )

...this administration remains vigilant to ensure that trade is free, fair and reciprocal with our partners.

Who are those partners? Certainly not the countries US&cCO invaded and bombed.

0 ( +0 / -0 )

Well, there are two sides to the story. One side will believe that and the other will not.

Yep, two sides. One using information from a detailed investigation, including interviews with Trump employees and secret shoppers, and the other just speculating about a conspiracy with no evidence at all.

Which side are you on?

1 ( +1 / -0 )

Yep, two sides. One using information from a detailed investigation, including interviews with Trump employees and secret shoppers, and the other just speculating about a conspiracy with no evidence at all.

Which side are you on?

Definitely Not the media’s side that lies and distorts and will do anything to bring the president down because they can’t get over themselves and their micro aggressions, that’s for sure.

-3 ( +0 / -3 )

I applaud you for stepping away from your conspiracy theory position. It's a start.

2 ( +2 / -0 )

I never believed in conspiracy theories, I’m a conservative, I’m not Oliver Stone

-4 ( +0 / -4 )

I never believed

Well, I don't believe- I know that this is just one of many...many broken promises by Trump.

1 ( +1 / -0 )

I never believed in conspiracy theories

Call it something else if you like. That's not really a problem. But in the end it's good you're not here telling me the things you used to say, like everyone but Trump is lying. We can build on that.

2 ( +2 / -0 )

Trump calling China a currency manipulator during the campaign was years out of date. They stopped that a long time ago. So he has actually blundered into a correct position, but by who knows what means. The added benefit of now having a correct position is that he will have annoyed the idiots who listened blindly to his campaign rhetoric as if it was in any way coherent or sincere. Double victory for the reasonable and honest camp!

1 ( +1 / -0 )

the last one left us with a $28 trillion deficit.

actually the national debt was $19.944 trillion on the day president obama left office. it was $10.677 trillion the day he was sworn in. [with the economy in freefall]

the yearly budget deficits were dropping during his second term.

math is hard, i guess

2 ( +2 / -0 )

He's just posturing. Ivanka's clothes wear is made in the Chinese gulags and daddy won't do a thing about that. Smoke and mirrors.

1 ( +1 / -0 )

I never believed in conspiracy theories, I’m a conservative lmfao, but fake news and facts based on a Presidents statements is perfectly fine.

1 ( +1 / -0 )

it was $10.677 trillion the day he was sworn in. [with the economy in freefall] yep that huge pile of poo in the GFC that Bush left Obama will do that.

1 ( +1 / -0 )

Kuroda is manipulating the Yen.....hahaha

0 ( +0 / -0 )

Anyway, capitalism as it stands, is a bust. 

Let’s see, unprecedented wealth, human rights and quality of life.

Socialism. Let’s see. Conservative estimates are it’s responsible for 100,000,000 deaths in the 20th century and the likes of Stalin, PolPot, Mao etc..

but capitalism is the bust....

0 ( +0 / -0 )

but capitalism is the bust....

Raw unbridled capitalism is as much a mess as raw unbridled communism or socialism.

Extremism is never good, no matter what the extreme.

The happy medium is a happy medium.

0 ( +1 / -1 )

@Strangerland

The happy medium is a happy medium.

Brilliantly put, Sir.

0 ( +1 / -1 )

The happy medium is a happy medium.

Brilliantly put, Sir.

Heh, I have a way with words; with words is the way I have.

0 ( +1 / -1 )

Extremism is never good, no matter what the extreme.

Ok, examples of "extreme capitalism", please.

-2 ( +0 / -2 )

also, interesting that you all but ignored the 100 million deaths by socialism in the 20th century.

As Stalin said; "Just a statistic" eh!

-2 ( +0 / -2 )

crickets

-1 ( +0 / -1 )

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