Trump Says China, Europe Playing ‘Currency Manipulation Game’
(Bloomberg) -- President Donald Trump said China and Europe are playing a “big currency manipulation game” and “pumping money into their system” to compete with the U.S.
Trump said on Twitter Wednesday that the U.S. should match their efforts “or continue being dummies” who watch other countries manipulate currencies.
Trump wants a weaker dollar to help boost exports. Trump's focus on the dollar surfaced last month after the European Central Bank said it might ease policy, prompting the euro to drop against the dollar.
Read More: How Currency Wars are Like Real Wars — for Wealth
Trump seized on the move to say on June 18 that the Fed's failure to lower rates was putting U.S. exporters at a competitive disadvantage. He later mused on June 26 he'd rather have ECB President Mario Draghi running the Fed.
To contact the reporter on this story: Justin Blum in Washington at jblum4@bloomberg.net
To contact the editors responsible for this story: Michael Shepard at mshepard7@bloomberg.net, Justin Blum, Bill Faries
©2019 Bloomberg L.P.
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