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General News    H3'ed 4/19/17

Trump's Complacency on Currency Manipulation Reinforces his Populist in Name Only (PINO) Status

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Upon announcing his candidacy in 2015, Populist Trump said that China’s currency practices were making it impossible for American companies to compete and declared, “They’re killing us.”

Mr. Trump made China’s Currency Manipulation a staple of his campaign speeches. In accepting the Republican nomination last summer, he called China the “greatest currency manipulators ever!”

Mr. Trump told The Financial Times that the Chinese were “world champions” at currency manipulation. He said previous American presidents “haven’t had a clue” about how to deal with it.

Trump on Trade
Trump on Trade
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PINO Trump’s Treasury Department officially declined on Friday to label China a currency manipulator, breaking one of President Trump’s most prominent campaign promises.

Read the rest of the story HERE:

At www.nytimes.com

 

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A seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. He has previously held (more...)
 
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