The US is dropping its designation of China as a currency manipulator, as part of a phase one trade deal to be signed by the two nations this week.
The Trump administration is dropping its designation of China as a currency manipulator in advance of the Wednesday signing of phase one of the US-China trade agreement.The US had designated China a currency manipulator in August, for the first time in a quarter of a century
In addition to China, the countries on that list are Germany, Ireland, Italy, Japan, South Korea, Malaysia, Singapore, Switzerland and Vietnam. "When it comes to the President's stance on China, Americans are getting a lot of show and very little results." The initial decision to brand China as a manipulator had come in a surprise announcement in August, reversing a Treasury finding in May that no country was manipulating its currency.
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