Derrick: China May as Well Start Spending Again
On the campaign trail, Donald Trump hurled threats at China, telling it to level the playing field on trade or accept the consequences. Now as president, confronting the world’s second-biggest economy will be a much taller task. Trump accuses China of victimizing the U.S., a pitch that got him a big following with voters in traditionally blue-collar states who blame globalization for trade-related job losses. He has promised to label China a currency manipulator, bring trade complaints against the nation, and impose tariffs if it doesn’t halt what he sees as unfair trading practices. Bank of New York Mellon Chief Currency Strategist Simon Derrick discusses China and Trump's impact on currencies with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."