Trump accuses China of manipulating currency in exchange for tariffs

Washington: US President Donald Trump has accused China of manipulating its currency in exchange for tariffs, but China will make a deal at some point.

According to foreign media reports, US President Trump, while addressing the National Republican Congressional Committee event, said that China is currently paying 104 percent of tariffs and is manipulating its currency in exchange for tariffs.

The US President added: “We are receiving $2 billion a day in tariffs, and representatives from Japan and South Korea are arriving in the US for an agreement. I think China will agree with some point”.

Trump said that they were going to impose tariffs on pharmaceuticals.

President Trump stated that the public's trust in the Democrats has been lost. During the Democrats' era he was subjected to political revenge.

He further said that he would show by winning the mid-term elections. He will supervise the election campaign. The Republican Party's position is much better than that of the Democrats and will gain a lead of more than 100 seats over the Democrats in Congress.

On the other hand, President Trump signed an executive order to increase coal production.

It is pertinent to note that the United States and China are face-to-face on the issue of tariffs.

The White House says that a total of 104 percent tariffs will be implemented on China with additional tariffs starting April 9.

Earlier, China had called the US President's threat to impose more tariffs economic bullying.

According to the White House, 70 countries have contacted each other to discuss tariffs, and all options are on the table for each country. Trade talks will focus on aid and the presence of US troops in these countries.