U.S. President Donald Trump has lashed out against China for manipulating its currency,... a move by Beijing that allowed the yuan to drop to a low not seen in more than a decade. <br />He also saved some fire for the Federal Reserve,... pushing the Fed to further cut rates.<br />Kim Hyo-sun tells us more. <br /> As the Chinese yuan dropped to its lowest levels against the U.S. dollar in 11 years,... President Trump on Monday accused Beijing of manipulating its currency. <br />He said in a tweet that this is called (quote) "currency manipulation."<br /> He also expressed his dissatisfaction in the U.S. Federal Reserve,... continuing to push the Fed to cut interest rates to weaken the strong dollar.<br />He also slammed China for stealing American businesses and factories, hurting American jobs,... through its currency manipulation.<br />The yuan dropped and crossed the psychologically sensitive level of seven to the U.S. greenback on Monday,... the lowest level since the global financial crisis in 2008.<br />His comments come less than three months after his own administration decided not to label China a currency manipulator. <br />They also come just days after Trump proposed an additional ten percent tariff on Chinese imports worth 300 billion dollars that would take effect on September 1st.<br /> Analysts forecast China's currency drop could trigger an all-out currency war between Washington and Beijing. <br />Kim Hyo-sun, Arirang News. <br />
