President Donald Trump attacked China and Russia saying the countries are “playing the Currency Devaluation game.”
The tweet comes a few days after a report from the Treasury Department that did not name either country as a currency manipulator.
President Donald Trump attacked China and Russia for changes in their currency in a tweet Monday, in a peculiar attack that came despite the Treasury Department naming neither as currency manipulators.
“Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates,” Trump said. “Not acceptable!”
The Treasury Department did not list either China or Russia as a currency manipulator in its semi-annual currency report released on Friday.
While the Treasury expressed concerns about the large trade deficit with China, the report only placed the country on its monitoring list. Russia was not named in the report, which examined the US’s relationship with its 12 largest trading partners and Switzerland.