Trump will bring back ‘currency manipulator’ threat, unless China reins in North Korea
Currency issue will be back on the bargaining table, if Beijing fails to deliver on US demands to curb Pyongyang’s nuclear ambitions, US think tank says
China and the United States are likely to lock horns over currency issues again, if Beijing fails to exert more pressure on Pyongyang, according to observers and sources familiar with talks between the two nations.
The two sides are tentatively scheduled to hold high-level discussions on economic and trade issues in Washington by July, wrapping up their 100-day negotiations aimed at fostering more balanced trade and investment relations, the Post has learned.
Talks got under way following the first face-to-face meeting between Chinese President Xi Jinping and his US counterpart, Donald Trump, at Trump’s Mar-a-Lago estate in Florida.
Trump reversed tough rhetoric against China during the summit, saying he had “great chemistry” with Xi and that he understood it is not easy for Beijing to deal with Pyongyang.
The US Treasury Department also did not label China a currency manipulator, as Trump had pledged during his election campaign. Trump defended the decision, suggesting it was a move to entice Beijing’s cooperation on North Korea.
