June 10, 2019 / 1:06 PM / 2 months ago

Trump says China will make a deal, criticizes currency devaluation

FILE PHOTO: U.S. and Chinese flags are seen in front of a U.S. dollar banknote featuring American founding father Benjamin Franklin and a China's yuan banknote featuring late Chinese chairman Mao Zedong in this illustration picture taken May 20, 2019. REUTERS/Jason Lee/Illustration

WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday he believed China will make a trade deal with the United States because Beijing needs to make an agreement.

Trump said China devalues its currency and said something should be done about that because it creates an uneven playing field. He criticized U.S. Federal Reserve policies as “destructive” for not lowering interest rates.

Reporting by Doina Chiacu and Makini Brice; Editing by Chizu Nomiyama

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