China's Foreign Ministry on Wednesday said the yuan's exchange rate was not the reason for unbalanced trade ties with the United States, after Republican presidential candidate Donald Trump said he would label Beijing a currency manipulator.
Trump, the presumptive Republican nominee, has called China the "grand master" of currency devaluation, and has appealed to voters with tough talk on unfair trade deals, which he says cost American jobs.
In a Tuesday speech on his trade policy stances, Trump said that if elected, he would direct his treasury secretary to label China a currency manipulator, a move he said "should have been done years ago" .... http://www.reuters.com
