PRESIDENT TRUMP : Well, I agree 100 percent, Mr. President.
So I just want to thank President Xi for being with us in the United States.
Mar-a-LagoPalm Beach, Florida 11:22 A.M. EDTPRESIDENT TRUMP: I just want to say that President Xi and all of his representatives have been really interesting to be with.
(President Xi speaks in Chinese.)
The relationship developed by President Xi and myself I think is outstanding.
Donald Trump China ‘Currency Manipulator’ Threat Won’t Hold
If after a year, the U.S. continues to assess that China is a currency manipulator, President Trump could then impose various penalties, possibly limiting Chinese investment in the United States.
China does not meet the criteria for a “currency manipulator”A country must meet three conditions to be officially designated as a currency manipulator, and China currently only meets one of them.
Speaking on CNBC in February, Treasury Secretary Steven Mnuchin made it clear that he plans to follow his department’s protocol.
Aside from Treasury Secretary Steven Mnuchin, 27 other leadership roles at the Treasury Department remain unstaffed, according to the Political Appointee Tracker .
Labeling a country as a currency manipulator triggers a formal process in which the Secretary of the Treasury engages in a series of negotiations with China.
Trump Recycles Overstated Campaign Claims About China and Trade
Advertisement Continue reading the main storyMr. Trump has blamed China and other countries for job losses in the United States.
Mr. Trump blamed China’s entry into the World Trade Organization for the U.S. manufacturing decline.
For context, the difference in the actual goods deficit and what Mr. Trump claimed — $157 billion — is larger than the entire economy of Hungary.
Advertisement Continue reading the main storyMr. Trump also characterized China as the world champion of currency devaluation.
Mr. Trump spoke of import taxes China levied on the United States in a March 2016 interview with The Times, but overstated the scope of these duties.
collected by :Donald Luther