President Trump said on Wednesday that his administration will not label China a currency manipulator in a Treasury Department report due out this week.
April 12th, 2017 [Inside US Trade]
“They’re not currency manipulators,” Trump said in an interview with the Wall Street Journal, adding that giving China the label now could hurt cooperation on efforts to contain North Korea.
Trump had pleged to label China a manipulator on day one of his presidency, but after taking office he deferred to the Treasury Department, which will produce its report on currency this week.
