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U.S. to Lift Yuan Manipulator Tag Ahead of China Trade Deal

  • Designation, first made in August, has complicated trade talks
  • Treasury report expected before trade deal signed on Jan. 15
China Yuan currency
Photographer: Paul Yeung/Bloomberg
Updated on

President Donald Trump’s administration plans to lift its designation of China as a currency manipulator, people familiar with the matter said, removing an obstacle to a trade deal the two nations are set to sign this week.

The Treasury Department will make the move in a semi-annual report, expected to be released soon, after being delayed as the U.S. and China finalize a “phase one” trade pact, said the people, who spoke on condition of anonymity.