Tuesday, April 17, 2018

Economic security

President Trump hits out at Russian and Chinese currency devaluations

President Trump
U.S. President Donald Trump took a swing at the Russian and Chinese regimes on Twitter on Monday, in his latest public statement on rising trade tensions.

Mr Trump said that there was a deliberate attempt by these countries to devalue their currencies at a time of rising interest rates in America, suggesting the nations were deliberately attempting to derail the US economy.

This follows the sharp devaluation of the Russian rouble in the wake of the announcement of swinging US sanctions on the country. The US move to punish Russia’s economy was a response to an escalation of violence in Syria and the poisoning of a former Russian spy in the UK.

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