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Economics

Treasury Report Tests Trump’s Claim of China Currency Manipulation

  • Treasury expected to release currency report this week
  • India, Germany in cross-hairs due to trade surplus with U.S.

The U.S. Treasury is poised to render a verdict on President Donald Trump’s claim that China is manipulating its currency as a trade war between the two nations intensifies and rattles markets.

While the U.S. hasn’t designated China as a currency manipulator since 1994, Wall Street is bracing for the prospect that the Treasury Department will do so this week in its semi-annual foreign-exchange report. Such a move wouldn’t trigger penalties, but it would likely escalate tensions between the world’s two largest economies.