Sparks flew as the United States President Donald Trump accused Europe and China for currency manipulation.
China and Europe playing large currency manipulation game and pumping money in their system in order to compete with USA. We ought to MATCH, or continue being the dummies who sit back and watch as other nations continue to perform their matches — as they have for several decades!
This is definitely not the first time that Trump has talked about currency manipulation. A couple of months before, the Present put 9 states on a”watch list”. The report on Congress said that Germany, China, Ireland, Italy, Japan, South Korea, Vietnam, Malaysia and Singapore are carefully tracked. Additionally, Switzerland and India were also listed on the former watch record, but were now removed.
The money manipulation accusations are taken as a joke by several
Twitter users have called out Trump for its sudden accusations from China and Europe. Many folks seem to be in alignment the US Dollar is currently heading for a crash and countries and people throughout the world should stock up on cryptocurrencies.
Direct order from Trump to purchase Bitcoin https://t.co/3RWm4tpm03
Trump’s accusations regarding money manipulations were fulfilled with a great deal of concerns in Europe. Many experts think that the accusations will be followed closely by the President increasing tariffs on Europe.
It’s been widely stated by analysts who the weakening euro can push Trump into living up to his past threats on introducing tariffs on European goods, largely those from the automobile industry.
The central bank stated that the yuan isn’t manipulated and is not used as a trade weapon against the United States.
Politicians weaponizing their nation’s monies as trade weapons is nothing new to the global politics arena. Gaining the upper hand in the trade wars is exactly what both sides need, but it is more than apparent that crypto is the sole clear winner in the trade wars.
A sudden rise in tensions between the United States and China, could lead to enormous crypto price surges. If Trump keeps up his aggressive trade politics, then we can expect a lot of interesting developments and a very crazy crypto summer.