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US Removes Currency Manipulator Label On China Ahead Of Trade Deal

US Removes Currency Manipulator Label On China Ahead Of Trade Deal

Tuesday, January 14, 2020, 8:01 AM

The US removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between two-economic-powers after nearly two years of conflict. Just two-days before President Donald Trump is set to sign a "phase one" trade-agreement with China, US Treasury said in its semi-annual report to Congress that the yuan has strengthened and Beijing is no longer considered a-currency-manipulator.
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