US Treasury Secretary Mnuchin has said China is a currency manipulator. Via an official Treasury statement.
Mnuchin adds:
- will engage with the IMF to eliminate unfair competitive advantage by China’s actions
- says China’s actions are a violation of China’s G20 commitments to refrain from competitive devaluation
- Says continues to urge China to enhance the transparency of its exhange rate and reserve management operations and goals
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President Trump has been wanting China names as a currency manipulator and he finally gets his wish granted by Treasury
Mnuchin finally doing what the boss tells him to do. Oh, the Prez, not his wife.
