{"id":148371,"date":"2019-07-04T00:57:30","date_gmt":"2019-07-03T22:57:30","guid":{"rendered":"http:\/\/www.arabtelegraph.com\/?p=148371"},"modified":"2019-07-04T00:57:32","modified_gmt":"2019-07-03T22:57:32","slug":"currency-manipulation-game-trump-blasts-china-eu-for-pumping-money-into-system-to-rival-us","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=148371","title":{"rendered":"\u2018Currency Manipulation Game\u2019: Trump Blasts China, EU for \u2018Pumping Money Into System\u2019 to Rival US"},"content":{"rendered":"\n<p dir=\"ltr\"><strong>The remarks come amid the ongoing trade dispute between China and the US, which began last year when President Donald Trump slapped 25-percent tariffs on $50 billion worth of Chinese goods, ostensibly in a bid to fix what he called Beijing\u2019s &#8220;unfair trade practices&#8221;. Since then, the sides have exchanged several rounds of additional import duties.<\/strong><\/p>\n\n\n\n<p dir=\"ltr\">US President Donald Trump has taken to Twitter to accuse China and Europe of \u201cplaying a big currency manipulation game and pumping money into their system in order to compete with USA\u201d.<br>\n\u201cWe should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games &#8211; as they have for many years!\u201d he tweeted.<\/p>\n\n\n\n<p dir=\"ltr\">The remarks came a day after Trump stated that a trade deal between Washington and Beijing is already in the works and that negotiations are underway via phone.<br>\nThis preceded a meeting on 27 June between Trump and his Chinese counterpart Xi Jinping on the sidelines of the Osaka G20 summit, where they agreed to resume trade talks, which had been paused since a breakdown in May.<br>\n\u201cWe\u2019re going to work with China where we left off,\u201d Trump said at the time, also vowing for the \u201ctime being\u201d to hold off on his plan to impose new tariffs on $300 billion in Chinese imports.<\/p>\n\n\n\n<p dir=\"ltr\">He also said that Xi Jinping agreed that while the negotiations on the trade dispute between the two countries are ongoing, China will begin buying agricultural product from US farmers. He added that he was &#8220;in no hurry&#8221; in trade talks with China.<br>\nIn September 2018, Ministry of Commerce spokesman Gao Feng pledged that Beijing is not going to use its national currency as an instrument for a trade war with Washington.<\/p>\n\n\n\n<p dir=\"ltr\">The official said that in strict observance of \u201cthe spirit of the G20 communique, China would \u201cnot engage in competitive devaluation, or turn the renminbi into a tool for responding to trade disputes or other external events\u201d.<br>\nThe world\u2019s two biggest economies have been embroiled in a trade war since Trump slapped tariffs on $250 billion worth of imports of Chinese goods in 2018, citing concerns that Chinese trade practices were hurting American companies while demanding an adjustment to the terms of trade between the two countries.<br>\nThe US President has also been threatening to impose tariffs on the nearly $267 billion worth of remaining Chinese imports if Beijing fails to address US demands. China, in return, responded with tariffs targeting US goods.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The remarks come amid the ongoing trade dispute between China and the US, which began last year when President Donald Trump slapped 25-percent tariffs on $50 billion worth of Chinese goods, ostensibly in a bid to fix what he called Beijing\u2019s &#8220;unfair trade practices&#8221;. Since then, the sides have exchanged several rounds of additional import &hellip;<\/p>\n","protected":false},"author":3,"featured_media":148372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-148371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-te-public"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018Currency Manipulation Game\u2019: Trump Blasts China, EU for \u2018Pumping Money Into System\u2019 to Rival US - Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=148371\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Currency Manipulation Game\u2019: Trump Blasts China, EU for \u2018Pumping Money Into System\u2019 to Rival US - Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"The remarks come amid the ongoing trade dispute between China and the US, which began last year when President Donald Trump slapped 25-percent tariffs on $50 billion worth of Chinese goods, ostensibly in a bid to fix what he called Beijing\u2019s &#8220;unfair trade practices&#8221;. 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