Economics
Trump Blasts Draghi, China for Weak Currencies to Gain Edge
- ‘They have been getting away with this for years,’ he tweets
- Comments come just as Fed convenes rate meeting in Washington
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U.S. President Donald Trump accused the euro area and China of weakening their currencies to gain an economic advantage, calling out the European Central Bank president for pledging monetary stimulus just as Federal Reserve officials prepared to meet in Washington.
“Mario Draghi just announced more stimulus could come, which immediately dropped the euro against the dollar, making it unfairly easier for them to compete against the USA,” Trump tweeted Tuesday. “They have been getting away with this for years, along with China and others.”