Why the U.S. Labeled China a Currency Manipulator

It didn’t happen on Day 1 of Donald Trump’s presidency, as he had vowed, but 2 1/2 years later he fulfilled one of his campaign pledges: to have China branded a currency manipulator. Less than six months later, the U.S. Treasury lifted the tag, saying the Chinese government had made “enforceable commitments” not to devalue the yuan. The about face came just days ahead of an expected truce in Trump’s trade war with China. But the battles aren’t necessarily over. While no major U.S. trading partne