Treasury Secretary Steven Mnuchin, right, smiles and applauds as small business owner Marga Coulp of Dover, N.H. and former Gov. John Sununu, far left, speak at an event on Tax Day, Tuesday, April 17, 2018, in Derry, N.H., to promote the recently passed tax cut package. (AP Photo/Elise Amendola)
Treasury Secretary Steven Mnuchin backs President Trump on his claims China devaluates its currency, calling his remarks a ‘warning shot,’ in regards to potential future consequences.
Mnuchin’s response today came after a question about whether Monday’s tweet was accusing China of trying to devalue the U.S. dollar.
Reports say China is currently on the treasury’s semi-annual watchlist, which monitors foreign policy exchanges.
The treasury secretary blasted China for its alleged actions, and said this would not affect the U.S. economy moving forward.
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