Trump won’t label China a currency manipulator

How many times did Trump say he was going to “label China a currency manipulator” during the campaign?

“WASHINGTON—President Donald Trump said Wednesday the U.S. dollar “is getting too strong” and he would prefer the Federal Reserve keep interest rates low.

Mr. Trump, in an interview with The Wall Street Journal, also said his administration won’t label China a currency manipulator in a report due this week.

He left open the possibility of renominating Federal Reserve Chairwoman Janet Yellen once her tenure is up next year, a shift from his position during the campaign that he would “most likely” not appoint her to another term. …

Mr. Trump said the reason he has changed his mind on one of his signature campaign promises is that China hasn’t been manipulating its currency for months and because taking the step now could jeopardize his talks with Beijing on confronting the threat of North Korea.

“They’re not currency manipulators,” Mr. Trump said. …”

Uh huh. Yeah. Understood.

Day One, right? In other words, we’re going to have the same trade policy as always, which is to say, a low tariff free-trade regime that is subordinated to globalist foreign policy goals.

15 Comments

  1. It’s a sign that XI and Trump are coming to terms over trade, just as is the fact that China has threatened North Korea, today…

  2. This is a ploy to drive a wedge between Russia and China. The Kike Kristol said Iran is the Big Prize – but it’s really Russia.

  3. Imagine if you were one of those first time white working class voters how you’d feel right now!

    The Forgotten Man is still forgotten!

  4. And the Chinese had to abstain from a vote in the Security Council to the detriment of Russia. Of course he didn’t mention anything about doing away with the border adjustment tax so I’m not sure what there is to worry about Re: ” low tariff free-trade regime”. As for “globalist foreign policy goals” all this stuff doesn’t anything to do with that. This is all being driven by domestic politics and Trump roiling the narrative of the globalist left/neo-con never trump alliance. But keep yelling. Better safe than sorry.

  5. “Day One, right? In other words, we’re going to have the same trade policy as always, which is to say, a low tariff free-trade regime that is subordinated to globalist foreign policy goals.”

  6. Bob Whitaker said Trump would become a Cuckservative, as soon as he got to the White House. Why? Because Republicans always it, without fail.

  7. We’re losing whole categories of products we don’t have the capability to make. It’s not commonly known but the Japanese have massive amounts of components in Chinese goods that are counted as Chinese imports. The idiot business men we have think they can “manage” anything but the truth is it’s extremely difficult to make some of the high tech goods we have today. It takes a lot of inside knowledge that takes years to understand. Lots of little insider manufacturing tricks that there is no way to learn except by doing. We are becoming a third world resource provider for advanced Asian manufactures. No not right now but we’re headed that way rapidly.

    A typical example of the poor management we have is the F-35. We spent $100 billion on development and they still can’t get it right. I bet that alone we couldn’t make the electronic in it.

    Frankly not stopping the erosion of the US manufacturing disturbs me more than any of Trumps back downs and change orders. Anyone who doesn’t think the dollar is too high is denuded. The reason it’s so high is its a reserve currency. We get some benefit for this but in the long run it drives the country to ruin. We should be doing everything possible to push manufacturing.

    If we’re not going to stay competitive in the world market then we need to pull all troops out of everywhere and stop trying to be the worlds hegemon. Below is a link to a article on how Japan has turned upside down the “free trade”, Libertarian trade, free market paradigm. They’re kicking our ass in trade and the Chinese and the rest of the Asian countries are following along with the exact same policies. We may be told the Chinese are backing down due to fear but that’s not the reason. In a decade or so we will have NO power, far inferior military equipment and some idiot Pres. will get us all killed because they’re too stupid to recognize this.

    Japan, Refutation of Neoliberalism

    http://www.paecon.net/PAEReview/issue23/Locke23.htm

  8. I thought it odd that on the day after the election it was Kushner who accompanied Trump to washington. Trailed his every move. They had our Jewdar jammed the whole time. I wonder if Jesse Ventura has any ideas?

    Did he really end TPP?

    Goy, what you think is happening is not really happening. No, you didn’t hear that. No, you didn’t see that.

    Will he give away all our nation’s assets to satisfy our debt? The Chinese president was very satisfied with their meeting. He’s met with many globalist leaders but no populists.

  9. It’s also important that Trump got China to agree to stop buying North Korea coal, to the point of China ordering the latest shipment to be returned to North Korea, and ordering all their coal from the U.S. Thereby helping one of his major constituencies. Not that this is being widely reported.

    Starting at 7:57 https://www.youtube.com/watch?v=zNo4pukwxOw

  10. @Miss Denise…

    ‘This is a ploy to drive a wedge between Russia and China. The Kike Kristol said Iran is the Big Prize – but it’s really Russia.’

    I don’t get that, M’am. China trades a great deal with both the U.S. and Russia, and, as you well know, is an economick partner of Russia’s in B.R.I.C.S.

    Militarily they are unaligned, so, I don’t see how this drives a wedge in between them.

    On the other hand, ‘they’ did do away with Russia in the 1990s, but, alas, she is arisen.

  11. @ Winbornmill

    You need to re-read Denise’s comment. Russia probably is the end goal.

    Sometimes I think you’re just running interference Junius. K?

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