PRESIDENT-elect Donald Trump has said he will use Beijing’s attachment to the ‘One China’ policy in negotiations as part of a strategy to reign in the superpower’s currency strategies.
From Express
The Republican leader, who will take the oath of office in the coming week, has long criticised China’s business practices undercutting the US labour market.
And the political firebrand whipped up alarm in Beijing when he took a call from the Taiwanese President Tsai Ing-wen – ignoring decades of US-Chinese diplomacy.
The US has long committed to viewing the fringe state of Taiwan, which exists in proxy independence from the mainland superpower, as part of China under the ‘One China’ policy.
But Mr Trump has refused to commit to the diplomatic act until he sees some changes in China’s approach to the US.
Mr Trump said: “Everything is under negotiation, including One China.”
It comes after the former property mogul stepped back from his commitment to label China a currency manipulator once he takes office – instead deciding to talk to Chinese officials first.
He added: “I would talk to them first.
“Certainly they are manipulators. But I’m not looking to do that.”
Despite toning down his rhetoric and approaching the eastern superpower with diplomacy, Mr Trump is still concerned with their financial practices – particularly their approach to devaluing currency.
The President-elect said: “Instead of saying, ‘We’re devaluating our currency,’ they say, ‘Oh, our currency is dropping.’ It’s not dropping. They’re doing it on purpose.
Read Full Story At Express
