China, in his words · 2016 campaign · № 33
Said China was using the U.S. 'as a piggy bank to rebuild China'
“You look at what China is doing to our country in terms of making our product. They're devaluing their currency, and there's nobody in our government to fight them. And we have a very good fight. And we have a winning fight. Because they're using our country as a piggy bank to rebuild China, and many other countries are doing the same thing.”
- Said
- , First presidential debate with Hillary Clinton, Hofstra University, Hempstead, New York
- Subject
- currency devaluation
- Threat
- Economic threat
- Topic
- Economy & prices
- Era
- 2016 campaign
What the record showed
On April 12, 2017 he told The Wall Street Journal of China, 'They're not currency manipulators,' NBC News reported. His Treasury Department designated China a currency manipulator on August 5, 2019. Treasury's next report, on January 13, 2020, found that no major trading partner met the criteria for currency manipulation and placed China on its monitoring list, with Secretary Steven Mnuchin citing commitments China made in the phase one trade agreement.