President Trump on Wednesday flipped to new positions on four different policy issues, backing off of several campaign promises.
In an interview and a press conference, Trump either shifted or completely reversed positions on matters of foreign and economic policy, including how to handle China and the future of the Federal Reserve chairwoman.
Labeling China a currency manipulator
Trump told the Wall Street Journal on Wednesday that China is not artificially deflating the value of its currency, a big change after he repeatedly pledged during his campaign to label the country a currency manipulator.
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Janet Yellen’s future
Trump also told the Journal he’d consider renominating Yellen to chair the Fed’s board of governors despite attacking her during his campaign.
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Export-Import Bank
Trump also threw his support behind the Export-Import Bank, which helps subsidize some U.S. exports, after opposing it during the campaign.
“It turns out that, first of all, lots of small companies are really helped, the vendor companies,” Trump told the Journal. “Instinctively, you would say, ‘Isn’t that a ridiculous thing,’ but actually, it’s a very good thing. And it actually makes money, it could make a lot of money.”
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NATO
Trump said NATO is “no longer obsolete” during a Wednesday press conference with NATO Secretary General Jens Stoltenberg, backtracking on his past criticism of the alliance.
During the campaign, he frequently called the organization “obsolete,” saying did little to crack down on terrorism and that its other members don’t pay their “fair share.”
“I said it was obsolete. It is no longer obsolete,” the president said Wednesday.
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