Mnuchin Says He Won’t Label China a Currency Manipulator...Yet
- Treasury to release next currency report in April, he says
- Dept. can change report criteria to label China manipulator
Mnuchin Says China Yuan Decision Waits Until April Report
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Treasury Secretary Steven Mnuchin signaled no urgency to designate China a currency manipulator, saying he wants to use a regular review of foreign-exchange markets to determine if the U.S.’s largest trading partner is cheating.
No announcement on currency manipulation will come before the Treasury’s April report, Mnuchin said in an interview with Bloomberg on Thursday. The decision contradicts an October pledge by candidate Donald Trump to direct his Treasury secretary to name China a manipulator on the first day of his administration.