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fashion jewelry wholesale in manhattan new york List China as a "exchange rate manipulation country" and repeatedly criticize China's "intentional low" RMB exchange rate to stimulate exports. On December 4, Trump attacked the devaluation of the RMB on Twitter, claiming that China has depreciated the RMB and increased the amount of tax on US products. Have you asked the United States if he agrees? I think it is impossible for China to depreciate its currency and levy heavy taxes on our products.
Trump from the real estate family is a successful businessman and entertainment stars. He has always been tough on Chinese issues. Trump said that in terms of counting all countries around the world, China is "the most good ever in history" to let the country's currency -RMB -depreciated. According to him, this allows Chinese companies to get "selling goods overseas overseas. Great and unfair advantage. "
This is not the first time Trump has accused China of manipulating exchange rates. During the presidential election stage, Trump has threatened China as a exchange rate manipulator. In terms of trade between the two countries, Trump stated that 45%of the punitive tariffs on all goods exported to China to reduce the huge trade deficit of the United States to China, and said that the United States may withdraw from the World Trade Organization (WTO).
I due to businessmen, especially in the United States to borrow a large number of foreign debt from China, buy American companies and real estate, Chinese workers have unemployment, and China manipulate currency. He felt that China was more like a big country with a "sultry", but behind this sour comments, the author felt that Trunp was full of unwillingness.
The theory of cutting wool to cut wool is not perfect. It is not lost because it is because the US family is thick enough and there is no competitor. Once the United States loses its major international currency status, the victims may also convert to the victims. At that time, it is also applicable to the theory of bank crowding. See how much foreign exchange reserves, how much (American) gold reserves are available.
The internationalization of the RMB is a heavy blow to the US dollar. With the internationalization of RMB and currency exchange, then this gameplay is completely different. When the renminbi enters the interest rate hike cycle, if the RMB appreciates the US dollar, the countries with a currency exchange agreement with China will use the way to sell US dollars in advance for hedging. Doing business is not equal to governing the country. Out of selfishly to others, they will only trigger more intense confrontations in the end. In the hands of, they have a strong counterattack ability in China. Trump will only lose both.