U.S. President Donald Trump said on Wednesday that his administration won’t label China as currency manipulator, and complained that the U.S. dollar is too strong.
In an interview with Wall Street Journal on Wednesday, Trump said “they (China) are not currency manipulators,” according to the report.
Trump during the election campaign had accused China of manipulating its currency to gain from exports, while many economists have argued that the Chinese currency, RMB, has been at equilibrium level in recent years.
The International Monetary Fund declared the RMB as no longer undervalued in 2015.
In the interview, Trump again complained that the U.S. dollar is too strong. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting — that will hurt ultimately,” Trump said. Enditem