“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…”

https://www.bloomberg.com/news/articles/2019-05-28/u-s-spares-china-from-currency-manipulator-label-amid-trade-war

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