Trump Says China and EU are Manipulating Their Currencies, Rates

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July 20, 2018 8:44 AM EDT

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(Updated - July 20, 2018 8:46 AM EDT)

President Trump on twitter accused China, the European Union, and others of manipulating their currencies and interest rates lower. He also said U.S. tightening "hurts all that we have done."

China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge. As usual, not a level playing field...
— Donald J. Trump (@realDonaldTrump) July 20, 2018

....The United States should not be penalized because we are doing so well. Tightening now hurts all that we have done. The U.S. should be allowed to recapture what was lost due to illegal currency manipulation and BAD Trade Deals. Debt coming due & we are raising rates - Really?
— Donald J. Trump (@realDonaldTrump) July 20, 2018

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