US lifts China's currency manipulator label - CNN


The trump administration is dropping its designation of China as a currency manipulator advance of a trade deal the two sides are set to sign this week a preliminary agreement that includes a section that's intended to prevent China from manipulating its currency to gain trade advantages the trump administration had branded China a currency manipulator five months ago the first time that any country had been so name since nineteen ninety four when Bill Clinton was president treasury secretary Stephen Manouchian says the administration has dropped the designation because of commitment to the phase one trade agreement that president trump is a site with China on Wednesday at the White House some critics of China's trade practices are criticizing the administration's decision Joe Ramsey

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