The US Head of the Government on his "Twitter" has made the statement that China and Russia allegedly play a role in the devaluation of currencies and this is "not acceptable."
Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!— Donald J. Trump (@realDonaldTrump) April 16, 2018
The US Treasury has again refrained from naming any major trading partners as currency manipulators, as it pursues potential tariffs and negotiations to try to cut the massive trade deficit with China, in a semi-annual report.
On April 6, the US Treasury Department added 38 Russian businesspeople, senior officials, and companies on its sanctions list, in response to Moscow's alleged "malign activity."
Russian lawmakers, in response, have submitted a wide-ranging bill that could freeze crucial exports to the United States.