U.S. Will Refrain From Labeling Vietnam a Currency Manipulator
- Vietnamese officials provided data, visited Mnuchin Thursday
- Trump to vet more trading partners for currency manipulation
Vietnamese dong banknotes
Photographer: Brent Lewin/Bloomberg
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The U.S. is refraining from labeling Vietnam a currency manipulator based on new data the country provided the Treasury Department, according to a person familiar with the matter.
The determination is a win for Vietnam, which had been at risk of the designation amid plans by President Donald Trump’s administration to lower the threshold for labeling its trading partners manipulators.