U.S. Shouldn’t Start Currency War With China, Rubio Says

In response to Chinese devaluing Yuan, U.S. “shouldn’t be doing anything that’s counterproductive” such as starting a currency war as “it would hurt Americans,” Republican presidential candidate Marco Rubio says in interview on CNBC.

  • Market activity in China has showed that Chinese govt “did not have control of what was happening” and didn’t have “ability to deal with whatever internal challenges they were facing economically”
  • Chinese government is made up of “tyrants,” Rubio says
  • Calls for completing trade agreement with Pacific nations to balance out China
    • Warns against “Chinese Monroe Doctrine for Asia”
  • Says China’s military actions make it a potential “adversary”
Earlier: Rubio: China State Visit Should Be ‘Downgraded’

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