(Bloomberg) — President Donald Trump decried China’s “massive” intervention to suppress the yuan, portraying the U.S. as the beneficiary of his tariffs on Chinese imports and signalling the policy isn’t pushing up domestic prices.
“Through massive devaluation of their currency and pumping vast sums of money into their system, the tens of billions of dollars that the U.S. is receiving is a gift from China,” Trump said on Twitter Tuesday. “Prices not up, no inflation. Farmers getting more than China would be spending. Fake News won’t report!”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.