Trump admin. declines to brand China a currency manipulator - WAOW - Newsline 9, Wausau News, Weather, Sports

Trump admin. declines to brand China a currency manipulator

Posted:

WASHINGTON (AP) -- The United States has declined to label China a currency manipulator despite President Donald Trump's insistent pledge during the election campaign that he would do so as soon as he took office.

Instead, the first currency review of the Trump administration singled out China and five other countries as needing to be monitored for their currency practices. The countries -- China, Japan, Germany, South Korea, Taiwan and Switzerland -- were the same six named in the last currency report issued by the Obama administration in October.

In an interview Wednesday, Trump had indicated that he was backing away from his campaign pledge because he felt China hadn't been manipulating its currency in recent months and because labeling it as such now could jeopardize Beijing's cooperation in confronting North Korea.

  • InternationalMore>>

  • South Sudan's warring leaders set to meet face to face

    South Sudan's warring leaders set to meet face to face

    Wednesday, June 20 2018 9:33 AM EDT2018-06-20 13:33:12 GMT
    South Sudan's warring leaders set to meet face-to-face for 1st time in nearly 2 years.More >>
    South Sudan's warring leaders set to meet face-to-face for 1st time in nearly 2 years.More >>
  • The Latest: Rohingya refugees march to highlight plight

    The Latest: Rohingya refugees march to highlight plight

    Wednesday, June 20 2018 9:33 AM EDT2018-06-20 13:33:10 GMT
    (AP Photo/Amel Emric). A migrant women from Iraq feeds her grandson in front of the railway station in Sarajevo, Bosnia, on Tuesday, June 19, 2018. Some hundreds of migrants have been camping at the railway station in the Bosnian capital of Sarajevo wa...(AP Photo/Amel Emric). A migrant women from Iraq feeds her grandson in front of the railway station in Sarajevo, Bosnia, on Tuesday, June 19, 2018. Some hundreds of migrants have been camping at the railway station in the Bosnian capital of Sarajevo wa...
    Italian President Sergio Mattarella says it is up to a united European Union to manage the arrival of refugees forced to flee their homelands.More >>
    Italian President Sergio Mattarella says it is up to a united European Union to manage the arrival of refugees forced to flee their homelands.More >>
  • Divers search Indonesian lake for 192 missing after sinking

    Divers search Indonesian lake for 192 missing after sinking

    Wednesday, June 20 2018 9:33 AM EDT2018-06-20 13:33:03 GMT
    (AP Photo). An Indonesia search and rescue team searches for a ferry which sank Monday in lake Toba, North Sumatra, Indonesia, Tuesday, June 19, 2018. Rescuers searching for dozens of people missing after a ferry sank on Indonesia's Lake Toba have foun...(AP Photo). An Indonesia search and rescue team searches for a ferry which sank Monday in lake Toba, North Sumatra, Indonesia, Tuesday, June 19, 2018. Rescuers searching for dozens of people missing after a ferry sank on Indonesia's Lake Toba have foun...
    Indonesian officials say 166 people are missing from a ferry sinking Monday evening at a popular lake on Sumatra, a much higher number than previously known.More >>
    Indonesian officials say 166 people are missing from a ferry sinking Monday evening at a popular lake on Sumatra, a much higher number than previously known.More >>
Powered by Frankly