(Morning Post) US President Trump accused China and the European Union with the advantages of currency depreciation, and at the same time criticized the Federal Reserve Agency to raise interest rates, alleging & ldquo; now tightening the currency hurts everything we do.
Trump tweeted on Friday in the early morning of Friday, local time, saying: & ldquo; China and the European Union have always manipulated currency & hellip; & hellip; the United States raised interest rates to make the US dollar stronger every day & rdquo;He pointed out that this was & ldquo; took our strong competitive advantage & rdquo;.
Fed Chairman Powell said on Tuesday that given that the US employment market continues to strengthen, the inflation rate is approaching the Fed's goal, and the risks faced by the US economic growth prospects are roughly balanced, the Fed believes that it is the best policy to continue to raise interest rates.
Trump: I am ready to impose tariffs on US $ 500 billion in imports of imports in China
(Morning News) US President Trump said he had been prepared & rdquo; tariffs on Chinese imported goods worth 500 billion US dollars (about S $ 681.8 billion), claiming that the United States had been cheap for too long.
Bloomberg reported that Trump said in a CNBC interview on Friday that & ldquo; we are taking advantage, I am not willing to & rdquo;.He said: & ldquo; I do this is not for political reasons.I am doing the right thing for our country.& rdquo;
The scale of $ 500 billion is roughly equivalent to China's total export products to the United States last year.Trump's new threat lowered the European stock market, and US stock futures also fell.
Mahathir will visit China investment promotion
(Morning News) Malaysian Prime Minister Mahathir said he would officially visit China in August and discuss with China to reduce loans.He will also invite Chinese companies to invest in Malaysia.
Mahathir is also the chairman of the indigenous unity party.After the reporter at the Supreme Director of the Turkish Party, he talked about his visit to China.He said that his schedule was mainly to follow up the results of the chairman of the National Elite Council.
After Dain arrived in Beijing on Tuesday, he met with Chinese Prime Minister Li Keqiang and Foreign Minister Wang Yi.Therefore, the trip mainly discussed a number of large joint venture plans with China, including the East Coast Railway (East Rail) plan that has been temporarily suspended to explore whether these plans may be restarted.
Mahathir said: & ldquo; Dain will discuss some issues with China, including various contracts in Malaysia.And the loan obtained by the horse in China.There is no way to afford high loans in our country, because we hope to reduce the amount of loans after negotiation, otherwise Malaysia will go bankrupt.This is our main issue.& rdquo;
Mahathir also revealed that his visit to China this time will bring good news to Chinese merchants because he will invite Chinese companies to invest in Malaysia, but these companies must meet the conditions.& ldquo; We will invite Chinese companies to invest in production and production in Malaysia, the condition is that they must use Malaysia's brands and resources.& rdquo;
