Trump States Russia & China are Playing a 'Currency Devaluation Game'

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Contradicting the US Treasury’s report which did not mention any major trading partners as currency manipulators, a new tweet of US President Donald Trump has contradicted the report condemning Russia and China for devaluing their currencies while the US raised their interest rates.

This is clearly with reference to unfair trading advantages, as the higher the US interest rates increase the value of the dollar and hence making more expensive exporting.

In reality however, the U.S. dollar index has declined by 11.2% since Trump’s presidency and the semiannual report of the U.S. Treasury failed to mention President Trump’s statement of imposing tarrifs wothing billions of dollars on Chinese goods over IP practices and restrictions on Chinese investments in the US.