U.S. Removes China’s Currency Manipulator Label As Phase One Trade Deal Looms
“China has made enforceable commitments to refrain from competitive devaluation,” Treasury Secretary Mnuchin said.
“China has made enforceable commitments to refrain from competitive devaluation,” Treasury Secretary Mnuchin said.
The Chinese government allowed the tightly controlled yuan to fall to the lowest level in a decade after the U.S. imposed tariffs.
Sens. Josh Hawley (R-MO) and Tammy Baldwin (D-WI) introduced legislation Wednesday to “fight back” against foreign currency manipulation and boost American manufacturing and agriculture.
President Donald Trump met with Special Envoy for President Xi Jinping Friday, promoting great promise for a trade deal and openness to extending the tariff truce deadline.
Chinese officials agreed to increase purchases of U.S. soybeans by ten million metric tons on Friday during a meeting with President Donald Trump.
Speaking at the dedication of a shrine to Islamic Republic founder Ayatollah Ruhollah Khomeini on Wednesday, Iran’s President Hassan Rouhani said his country faces the worst economic crisis in 40 years, entirely due to U.S. policy.
The Iranian Supreme Court on Tuesday upheld death sentences against financial traders Vahid Mazloumin and Mohammad Esmail Ghasemi on charges of “spreading corruption on earth” because their currency trades were allegedly intended to “disrupt the economy” at a time of “enemy pressure” on Iran, that enemy being the United States.
Treasury will not label China a currency manipulator but warns it is closely monitoring the situation.
Sen. Joe Manchin (D-WV), a West Virginia Democrat up for re-election next year, is urging President Donald Trump’s administration to block the sale of the Chicago Stock Exchange to Chinese investors.
The latest triumph of socialist economics from Venezuela is a 64 percent devaluation of the national currency, setting the price of each crisp U.S. dollar bill at a staggering 2,010 bolivars.
During an interview broadcast on Tuesday’s “Fox & Friends” on the Fox News Channel, President Trump denied that he had softened his stance on China with regards to trade and China being a currency manipulator. Trump said, “I didn’t soften
President-elect Donald Trump is doing more to hinder the terror state of Iran before he even takes office than President Barack Obama managed in eight years.
On Fox News Sunday, Sen. Ted Cruz found himself on the defense, explaining what his VP pick of Carly Fiorina signals for his campaign’s views on outsourcing.
Reports out of North Korea suggest that at least two individuals, one of whom is a Chinese citizen, have been arrested attempting to cross the border into North Korea to execute an assassination plot against Kim Jong-un.
At a CNN town hall Thursday, businessman and Republican presidential candidate Donald Trump once again put the issue of manufacturing front and center in the 2016 race.
Many Americans may not know her name, but Gary Kaltbaum appeared on Breitbart News Thursday to explain why Federal Reserve chairwoman Janet Yellen is the most important woman in our lives.
Donald Trump, currently leading in New Hampshire polling ahead of this coming Tuesday’s primaries, tells Breitbart News exclusively that the just-signed Trans Pacific Partnership (TPP) Pacific rim trade agreement is a “terrible deal.”
Donald Trump’s decision not to participate in the Fox News debate has shined a spotlight on the advocacy efforts and undisclosed conflict of interests of the news network’s founder, Rupert Murdoch. These advocacy efforts may perhaps explain some of the motivations underlying the network’s treatment of the GOP frontrunner.
As Donald Trump called for cracking down on Chinese currency manipulation, other candidates—most notably, Marco Rubio—argued against Trump.
Much of the debate over the maybe-recovery concerns the manipulation of government reports. The Western world is moving rapidly toward a stagnant feudal system populated only by rich aristocrats, rich government officials, and a vast lower class that needs welfare transfer payments to survive. Debt-burdened workers with flat wages, shaky job prospects, and government subsidies for their basic needs are serfs, not a vibrant and independent middle class of entrepreneurs selling their labor to the highest bidders.
In Tuesday nights’s Republican debate, Donald Trump further distinguished himself from the other top-polling GOP presidential candidates by expressing his adamant opposition to the massive 5,554-page TransPacific Partnership (TPP) agreement.
GOP frontrunner Donald Trump tells Breitbart News Daily during a wide-ranging interview that China’s manipulation of its currency is a “great weapon” against the U.S. while slamming Obamatrade’s secret multilateral deals made with groups of nations as a “horror show.”
With China’s foreign exchange reserves falling by $490 billion in the last twelve months, China is on pace to run out of currency reserves in just two years.