Donald Trump says Russia, China playing 'currency devaluation game'

US President Donald Trump accused Russia and China on Monday of devaluing their currencies while the United States raises interest rates, prompting China to accuse the United States of sending confusing messages.

"Russia and China are playing the Currency Devaluation game as the US keeps raising interest rates. Not acceptable!" Trump said in a Twitter post.

Speaking in Beijing on Tuesday, Foreign Ministry spokeswoman Hua Chunying noted that what Trump said seemed to contradict the US Treasury's report that refrained from naming any major trading partners as currency manipulators.

"So it seems like the information being released by the US side is a bit chaotic," she told a daily news briefing.

Hua said it reminded her of a poem by the founder of modern China, Mao Zedong, about remaining calm in the midst of chaos.

"No matter what others say we will continue to steadily promote the reform of the renminbi exchange rate mechanism," she added, without elaborating, using the currency's formal name.

President Trump to decertify Iran nuclear deal in major shift in US policy

US President Donald Trump will strike a blow against the 2015 Iran nuclear agreement in defiance of international support for it on Friday, choosing not to certify that Tehran is complying with the deal in a major reversal of US policy.

Trump will make the announcement in a speech at 12:45 pm EDT (1645 GMT) that will detail a more confrontational approach to Iran over its nuclear and ballistic missile programs and its financial and military support for extremist groups in the Middle East, US Secretary of State Rex Tillerson told reporters.

Trump will also give the US Treasury Department broad authority to impose economic sanctions against people and entities in the Iranian military, the Iran Revolutionary Guard, in response to what Washington calls its efforts to destabilize and undermine its opponents in the Middle East.

Trump's decision to decertify the nuclear deal will not withdraw the United States from the agreement, which was negotiated by the United States and other world powers during the administration of former President Barack Obama.

Trump will attempt to persuade the US Congress to approve some separate measures to toughen US policy toward Iran.
Tillerson acknowledged the strategy may not work.
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