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Here's How Trump Can Formally Call China a Currency Manipulator

  • U.S. hasn’t designated any country since naming China in 1994
  • White House pressure builds for Mnuchin to designate China
Bloomberg business news
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If President Donald Trump wants to follow through on his repeated threats to label China a currency manipulator, all he has to do is turn back the clock.

The Treasury Department hasn’t accused China of artificially suppressing the value of the yuan because it relies on a 2015 law that sets strict standards for the designation. But a 1988 law -- still in effect -- sets a looser standard. Treasury Secretary Steven Mnuchin simply has to use it, said several former department officials.