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Trump: China's currency devaluation "a disgrace"

Tuesday, August 11, 2015 - 00:56

Republican Presidential Candidate Donald Trump says ''you have to do something to rein in China,'' adding that ''they're making it absolutely impossible for the United States to compete.'' Rough Cut (no reporter narration).

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ROUGH CUT (NO REPORTER NARRATION) Republican presidential candidate Donald Trump on Tuesday called China's devaluation of the yuan "unbelievable." "This was the largest devaluation they've had in two decades. They're making it impossible for our businesses, our companies to compete. They think we're run by a bunch of idiots, and what's going on with China is unbelievable," the billionaire businessman, a long-time critic of China's currency policy, told reporters ahead of a speech in Birch Run, Michigan. Earlier on Tuesday, China devalued its currency following a series of poor economic data in the yuan's biggest fall since 1994. Some said this could signal a long-term slide in the exchange rate. China has been a frequent theme for Trump since he entered the 2016 presidential campaign, promising to be a tougher negotiator with Beijing in order to bolster the U.S. economy.

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Trump: China's currency devaluation "a disgrace"

Tuesday, August 11, 2015 - 00:56