Trump accuses China, Europe of currency manipulation, stimulus

By AFP

03 July 2019 | 2:54 pm

US President Donald Trump on Wednesday accused China and Europe of deliberately weakening their currencies and stimulating their economies to gain competitive advantages over the United States.

US President Donald Trump approaches reporters to speak before departing from the South Lawn of the White House in Washington, DC on June 26, 2019. – Trump is traveling to Osaka, Japan, for the G20 Summit. (Photo by MANDEL NGAN / AFP)

US President Donald Trump on Wednesday accused China and Europe of deliberately weakening their currencies and stimulating their economies to gain competitive advantages over the United States.

“China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA,” he said on Twitter.

Trump also implied that the Federal Reserve should likewise ease monetary policy, something he has called for in the past.

“We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games — as they have for many years!” the president said.

0 Comments

cancel reply

You must be logged in to post a comment.

Nigeria

EFCC arraigns Cubana Chief Priest for naira abuse on Wednesday

3 hours ago

Popular Nigerian socialite Pascal Okechukwu, known as Cubana Chief Priest, will be arraigned in court the Economic and Financial Crimes Commission (EFCC) for naira abuse. Cubana Chief Priest is facing a three-count charge for allegedly violating the Central Bank Act of 2007. EFCC accused Cubana Chief Priest of spraying and tampering with the naira by…

Opinion

Electricity Crisis in Nigeria: The keys to improved service delivery

3 hours ago

The electricity crisis in Nigeria has defied various attempts at solving the problem and giving Nigerians the benefits of enjoying stable electricity and a good quality of life for more than half a century. It is no secret that the nation’s power infrastructures were abandoned for several decades, by successive governments notwithstanding the exponential growth…

Nigeria

Kaduna Assembly to probe El-Rufai over huge debts, financial deals

4 hours ago

The Kaduna State House of Assembly, on Tuesday, set up a 13-man adhoc committee to investigate financial transactions, loans, grants, and project execution under the immediate-past Governor of the State, Malam Nasir El-Rufai. Specifically, Yusuf Mugu, a member representing Kaura constituency, moved the motion on a matter of public importance that the loans borrowed by…

Nigeria

Pandemonium as gunmen invade Ekiti govt secretariat

4 hours ago

Gunmen on Tuesday invaded the Secretariat of Ilejemeje local government area in Ẹda-Oniyọ, Ekiti State, vandalized the council buildings and injured one person. The hoodlums who were heavily armed with dangerous weapons like guns, charms, and cutlasses invaded the Secretariat at about 10:am. An eyewitness who did not want his name mentioned told newsmen that…

Nigeria

APC tackles NNPP, Yusuf over alleged persecution of Ganduje

4 hours ago

The ruling All Progressives Congress (APC) is unhappy with the Governor Abba Yusuf led New Nigeria Peoples Party (NNPP) administration of Kano state for allegedly masterminding what it termed as "the political persecution" of its National Chairman, Dr Abdullahi Umar Ganduje. APC, in a statement by its national publicity secretary, Mr Felix Morka, described the…

Nigeria

House of Reps caucus gives Tinubu ultimatum to end insecurity or face mass action

5 hours ago

Members of the Peoples Democratic Party (PDP) caucus in the House of Representatives have issued President Bola Tinubu a three three-month ultimatum to resolve the worsening insecurity across the country or face mass from Nigerians. The minority lawmakers said they remained united, indivisible, and committed to acting as a watchdog on behalf of the Nigerian…

News

FG begins disbursement of presidential conditional grant

5 hours ago

The Federal Government has announced it has kicked off the disbursement of the N50,000 Presidential Conditional Grant Scheme to nano businesses nationwide. Minister of Industry, Trade and Investment, Doris Uzoka-Anite, dislcosed this in a statement on Tuesday. According to the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Nano businesses are enterprises that have…

Nigeria

Hoodlums attack LG secretariat in Ekiti

5 hours ago

Some suspected hoodlums from Obbo-Aiyegunle in Kwara State on Tuesday attacked Ilejemeje Local Government Secretariat and some residents of the town over a land dispute. The News Agency of Nigeria (NAN) reports that the alleged hoodlums were heavily armed and fired gunshot to scare residents. The local government secretariat windows and doors were vandalised as…

World

Muslim school student loses UK court bid over prayer rituals ban

7 hours ago

A Muslim pupil lost a UK court challenge Tuesday against a top London school's ban on prayer rituals, in a case about freedom of religion in schools that captured national attention. The student, who cannot be named, took legal action against Michaela Community School in northwest London, claiming the policy was discriminatory and "uniquely" affected…

Nigeria

Late Shehu Malami’s wife drags stepson, stepdaughter to court over inheritance

7 hours ago

Hajia Asma’u Malami, the wife of late Nigerian Ambassador to South Africa, Alhaji Shehu Malami, has dragged her stepson and stepdaughter to Court over her husband’s will. Other plaintiffs are Mustapha, Sadiq, Amina, Zainab and A’isha, children of the late Malami and Asma’u The respondents are also deceased children, Aminu and Hafsat. At the resumed…

Trump accuses China, Europe of currency manipulation, stimulus

In this article

Related

0 Comments

cancel reply