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Trump labels China a currency manipulator as trade war escalates

Aug 05, 2019 - CNN

President Donald Trump's trade war with China amplified one step further on Monday after his Treasury Department formally labeled the country's second largest trading partner a "currency manipulator," marking a tense standoff that risks weakening the entire global economy.

The escalating rift boiled over on Monday as Trump fulfilled his threat to fight back against China's decision to allow its currency to weaken and to stop plans to buy more goods from American farmers.

The decision...