Trump Today: Trump Today: President says China, Russia playing ‘currency devaluation game’

President Donald Trump accused China and Russia on Monday of playing a currency-devaluation “game,” as he ramped up his attack on James Comey over the former Federal Bureau of Investigation chief’s scathing criticisms of him.

‘NOT ACCEPTABLE!’

Just days after the Treasury Department declined to label China or Russia a currency manipulator, Trump hit out at both Beijing and Moscow over what he said was a “Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!”

Trump said repeatedly during his campaign that he would label China a currency manipulator on Day One of his presidency. Friday’s report said that over 2017 the Chinese yuan USDCNY, +0.2516%   “generally moved against the dollar in a direction that should, all else equal, help reduce China’s trade surplus with the U.S.” The ruble USDRUB, -0.3928%  , meanwhile, has dropped in value against the U.S. dollar in the wake of sanctions on Russian entities and individuals including President Vladimir Putin’s son-in-law.

See: Despite trade tensions, Treasury declines to label China a currency manipulator.

Also read: Why the Russian ruble’s 10% drop versus the dollar might not be enough.

TRUMP SLAMS COMEY AFTER INTERVIEW

Trump ripped Comey and former Deputy FBI Director Andrew McCabe in a Twitter post, a day after Comey said in a televised interview that Trump was “morally unfit to be president.” Trump said the pair “committed many crimes!” but did not expand on that charge. Trump also said Comey drafted his exoneration of Hillary Clinton based on her poll numbers.

It was the latest instance of Trump attacking the former FBI chief, whom he called an “untruthful slime ball” after excerpts of Comey’s forthcoming memoir were released. The book blasts Trump as an “unethical” liar.

Read: Comey in ABC interview: Trump is ‘morally unfit to be president.’

Also read: Trump again lashes out against Comey, calling former FBI director a liar, ‘slimeball.’

TALKING TAXES IN FLORIDA

At an event in Hialeah, Fla., Trump promoted the tax-cut law he signed in December and joked he was “a little jealous” after his new national security adviser, John Bolton, got a loud round of applause after Trump described the airstrikes on Syria.

“Are you giving him all the credit?” Trump asked. “Uh oh, you know that means the end of his job,” he joked. U.S. stocks DJIA, +1.12% SPX, +0.98%  rose Monday after geopolitical tensions faded and optimism persisted over first-quarter earnings.

Trump said that he’d wanted to call the tax law the “Cut Cut Cut Act,” but said his advisers “thought it was a little tacky.”

Also read: Dollar slips as worries over Syria ease.

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