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Bloomberg
The Trump administration again refrained from labelling China a currency manipulator, a decision that leaves one of the president’s campaign promises unfulfilled but avoids further escalation in the trade war between the world’s two largest economies.
China said on Wednesday that “relevant international organisations,†and not the US, are in position to decide whether a country is a currency manipulator.
The Treasury Department issued its semi-annual foreign-exchange report to Congress, expanding the number of countries whose currency and economic policies are scrutinised to 21 from 12.
Five countries — Ireland, Italy, Vietnam, Singapore and Malaysia — joined China, Japan, South Korea and Germany on the watch list, while India and Switzerland were removed.