- Candidate Trump’s “Contract with the American Voter” promised that labelling China a currency manipulator would be done on Day One.
- Trump called the Chinese “champions” of currency manipulation as recently as early April.
- On Wednesday, the president conceded that China does not manipulate the yuan.
Click here to watch VIDEO
In a significant change of tone, President Donald Trump this week reversed his long-standing call to label China a currency manipulator.
Here’s how his comments have evolved over the last six months:
As a candidate before the Nov. 8, 2016, election
“On the first day of my term of office, my administration will immediately pursue the following … direct the Secretary of the Treasury to label China a currency manipulator.”
Dec. 4, 2016
Trump tweets imply that China has devalued its currency to make it harder for U.S. companies to compete.