- The Washington Times - Friday, July 20, 2018

President Trump criticized China and the European Union over tariffs and trade barriers Friday morning, accusing both of manipulating currencies and interest rates.

Mr. Trump argued that unfair economic policies taken while the dollar gets stronger is “taking away our big competitive edge.”

The Federal Reserve was also caught up in the president’s criticism, as Mr. Trump said raising interest rates undermined his efforts.



Mr. Trump has levied the accusations before, especially toward China.

The president cited the plight of soybean farmers in his trade-centered Twitter thread. The soybean crop already is facing economic trouble because of the ongoing trade war between the U.S. and its Asian rival.

The president’s tweets suggest he won’t be backing down in the ongoing tit-for-tat tariff battle with either the EU, Canada or China.

On Monday, the U.S. filed separate disputes with the World Trade Organization against all three countries, as well as Turkey and Mexico. The complaints argue that while original tariffs imposed by the U.S. are justified by national security concerns, none of the retaliatory tariffs that followed were legal.

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