US shies away from calling China a currency manipulator

US shies away from calling China a currency manipulator
 

The United States has refrained from labelling China a "currency manipulator" in a move which may help defuse escalating tension over trade between the two countries.
President Trump has previously accused China of keeping its currency weak to make its exports more competitive.
Speculation that the US Treasury would make that claim formally this week has not been borne out, however.
China's policies were still of "particular concern" the Treasury said.
Beijing's lack of transparency and the recent weakness of the yuan continued to pose major challenges to achieving... read more

 
17 October 2018 in World News, Views: 44
Source: BBC
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