US President Donald Trump speaks at the White House on Monday. Photo: Pool via Bloomberg
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Washington’s claim of currency manipulation by China is fantasy

  • Starting a currency war would seem a natural progression for Donald Trump with trade negotiations having all but collapsed and his campaign for re-election next year already under way

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US President Donald Trump speaks at the White House on Monday. Photo: Pool via Bloomberg
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US Treasury Secretary Steven Mnuchin at the White House. The Treasury Department’s labelling of China as a currency manipulator for the first time since 1994 marked a significant escalation in the trade war and roiled global markets. Photo: Xinhua

China hits back at ‘currency manipulator’ label as Donald Trump ratchets up US trade war

  • The People’s Bank of China called the United States’ move to label China a currency manipulator ‘wilful unilateral and protectionist behaviour’
  • Markets slid on the potential further escalation in US-China tensions, with analysts predicting more tariffs to come
Topic |   Currency war

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US Treasury Secretary Steven Mnuchin at the White House. The Treasury Department’s labelling of China as a currency manipulator for the first time since 1994 marked a significant escalation in the trade war and roiled global markets. Photo: Xinhua
READ FULL ARTICLE