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Just a Phone Call: Shaking up US-China Relations

The Real Story

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Trump Criticizes China's Currency Manipulation

Donald Trump said he wanted to stop China from boosting its exports to the United States by devaluing its currency. Stephen Yates: How valid is that? Because in November 2015, the IMF approved China's currency as an elite reserve currency. He says there have been other statements from the IMF saying, basically, enough revaluation has been done. It is no longer a devalued currency, falsely devalued. Yates: So how valid is the Trump criticism, Stephen Yates?

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