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Asian economies escape 'manipulator' but expect more pressure on trade

Asian economies escape 'manipulator' but expect more pressure on trade

Saturday, April 15, 2017, 3:25 PM

Asian countries escaped the currency manipulator label in the latest U.S. Treasury report, but remain wary of possible trade friction as President Donald Trump maintains his administration will seek to address trade imbalances.Trump has said some U.S. trading partners, particularly China, manipulated their currency but has since backed off that claim and acknowledged that China had not weakened the yuan to make exports cheaper.
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