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Chinese market Manipulation
Manage episode 213661164 series 2407504
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President Trump defended his reversal on a vow to label China a currency manipulator. Is this move a part of a strategic plan to convince China to work with the U.S. to confront North Koreaâ??s missile buildup? Trump promised repeatedly to brand China a currency manipulator because of its past efforts to drive down the value of the renminbi to gain a trade advantage. However, he acknowledged that China in recent years has been taking steps to bolster the renminbiâ??s value, trumping his past label. What is the current status of the markets now that he is President? Josh Martinez uses his expertise to elaborate on this current storyline and how the Chinese markets have been impacted by Trump.
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