Harder on Russia and softer on China, Trump's views evolving

Harder on Russia and softer on China, Trump's views evolving

Mr. Trump tweeted after his meeting with Chinese President Xi Jinping this month that "I have great confidence that China will properly deal with North Korea".

The US Treasury said it will be scrutinizing China's trade and currency practices, especially in light of the large bilateral trade surplus that China has with the US.

The expert, who heads the Wharton School of the University of Pennsylvania, gave the remarks while addressing the Penn Wharton China Summit opened here Saturday. When will this administration stop blaming others and start acting like they know what the job of president of the U.S.is about?

Hours after North Korea paraded its weaponry and attempted a missile launch, President Trump's national security adviser said the US leader will not allow Kim Jong Un's regime to have the capacity to threaten the U.S.

Upon announcing his candidacy in 2015, Trump said that China's currency practices were making it impossible for American companies to compete and declared, "They're killing us". He had promised to label the country a currency manipulator on "Day One" of his presidency. He considered a country's contribution to global growth the "real important indicator" of the world economy. But the recent US missile strike on a Syrian airbase in response to an apparent chemical attack, and the use of the "mother of all bombs" to destroy ISIS tunnels in Afghanistan seem to veer from that focus. However, Garrett said the number "is narrowly true but misses a lot of things".

He said the USA was working with the Chinese leadership to "develop a range of options". Adding, "We will see what happens", raising the possibility his decision may be reversed. Jack Reed, R.I., also focused heavily on China. This year's event has attracted high-profile guest speakers as well as hundreds of audience from across the world.

No major trading partner is manipulating its currency for an unfair trade advantage, according to the first foreign-currency report released by the US Treasury Department under US President Donald Trump on Friday.

S&P 500 mini futures dipped 0.1 per cent to 2,325, edging near a six-week low of 2,317.75 touched in late March following US President Donald Trump's defeat over healthcare reform.

The reversal on branding China a currency manipulator is among several changes in which Trump has softened tough stances he had taken during the campaign.

Japan, South Korea, Taiwan and Switzerland also were again included on Treasury's monitoring list.

In the report, the Treasury finds none of the six United States trading partners on the monitored list - the Chinese mainland, Germany, Japan, South Korea, Taiwan and Switzerland - have been manipulating their currencies in the previous months.

China continues to pursue a wide array of policies that limit market access for imported goods and services, and maintains a restrictive investment regime which adversely affects foreign investors, it said.

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