President Donald Trump on Thursday criticized the European Central Bank over its stimulus measures, and talked up Chinese plans to buy American agricultural products.
After the ECB pushed its key interest rate further into negative territory and announced the relaunch of its bond-buying program, Trump took to Twitter to complain.
He said the bank was “trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports.” Trump’s tweet prompted ECB President Mario Draghi to say that his institution doesn’t target the exchange rate.
The euro EURUSD, +0.4996% fell to a two-year low against the U.S. dollar after the ECB’s decision, but later rebounded.
CHINA AND AGRICULTURE
In another tweet Trump said “it is expected that China will be buying large amounts of our agricultural products!”
Trump’s comments came after his decision Wednesday to delay increasing tariffs on $250 billion of Chinese goods until Oct. 15 in what he called a “gesture of good will” toward China.
The Wall Street Journal reported that in preparation for a new round of U.S.-China talks scheduled to take place in Washington in early October, Chinese negotiators are making plans to boost purchases of U.S. agricultural products, and take other steps.
Trump was also scheduled to address House Republicans at a retreat in Baltimore on Thursday night, in what will be his first time in the city since he called it a “rat and rodent infested mess.”