Thursday, August 8, 2019

Trump China currency manipulator designation met with congressional silence, including from Democrats who'd long sought it

President Trump's designation of China as a currency manipulator has drawn virtually no reaction from members of Congress, even though a number of lawmakers have pressed for years such a move.

Calling out China's actions to control its currency has always been more popular with Democrats, he noted, who aren't eager to praise Trump.

Trump ran in 2016 on the issue of labeling China as a currency manipulator, promising that it would be one of his first acts upon taking office.

Until Monday the Treasury Department under the Trump administration continued to find that China did not meet the definition of a currency manipulator.

"This is the fifth time in a row that the Trump administration has refused to label China a currency manipulator," he said.

Pennsylvania Sen. Bob Casey, a Democrat who has urged Trump to label China a manipulator, has not commented on the designation.

Nor has Ohio Sen. Sherrod Brown, another Democrat who has also called for China to be labeled a manipulator.

https://www.washingtonexaminer.com/policy/economy/trump-china-currency-manipulator-designation-met-with-congressional-silence-including-from-democrats-whod-long-sought-it

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