“U.S. Spares China Currency Manipulator Label, Expands Watchlist”

“The Trump administration again refrained from labeling China a currency manipulator on Tuesday, a decision that leaves one of the president’s campaign promises unfulfilled but avoids further escalation in the trade war between the world’s two largest economies.

The Treasury Department issued its semi-annual foreign-exchange reportto Congress, in which no country was named as a manipulator. Nine were included on a watchlist because they met some of the criteria, with five new additions — Ireland, Italy, Vietnam, Singapore and Malaysia — plus China, Japan, South Korea and Germany. India and Switzerland were removed.

The report was officially due in mid-April but was delayed partly due to the changes to the criteria used to evaluate countries, a senior Treasury official told reporters Tuesday…”


This entry was posted in Economics, News and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s