Trump defends U-turn on China's currency manipulation

[McFurd]

USA Today - 4/16/2017 - Paul Davidson - President Trump on Sunday defended his reversal from a vow to label China a currency manipulator, suggesting the move is part of a strategic plan to convince China to work with the U.S. to confront North Korea’s missile buildup. “Why would I call China a currency manipulator when they are working with us on the North Korean problem?” Trump tweeted. “We will see what happens.” Trump met with Chinese President Xi Jinping at his Mar-a-Lago resort earlier this month. During his presidential campaign, Trump promised repeatedly to brand China a currency manipulator because of its past efforts to drive down the value of the renminbi to gain a trade advantage. Read more @ https://www.usatoday.com/story/money/20 ... 100548546/