Not acceptable!” the president wrote on Twitter. Others on this list include Japan, South Korea, Germany, Switzerland and India. That's because a faster-growing economy needs higher interest rates to keep inflation in check, and higher interest rates make its money more attractive to investors. That, combined with the fact that its trade surplus has fallen a lot as a share of its economy, tells us that Beijing isn't pushing its currency down to keep its exports up anymore.
A: Beijing could potentially lower its daily fixing of the yuan against the dollar. If it were to undermine investor confidence in the currency, it would complicate the deleveraging process. China has responded to U.S. Though Trump had fiercely criticized the TPP, often in graphic terms, he said he’d be willing to rejoin if it offered a better deal for the U.S. During his 2016 campaign, Trump defiantly said he would label China a “currency manipulator” on his first day in office.