U.S. Removes China From Its List Of Currency Manipulators

The US Treasury Department announced that China is no longer labeled as a currency manipulator, just before the US and China are set to sign phase one of a trade deal. The Treasury's report, delayed since October, highlights China's commitments to avoid competitive devaluation and improve transparency. China is now on a monitoring list for currency practices, along with nine other countries. The US had labeled China a currency manipulator in August, escalating trade tensions. Despite political pressure, the Treasury's decision reflects ongoing trade negotiations. Some US lawmakers, like Senator Rick Scott, oppose removing China from the manipulator list, citing other issues like human rights and pollution.

What was the timing of the US Treasury Department's decision regarding China's currency status?

• A month after the signing of phase one of the trade deal

• During the signing of phase one of the trade deal

• Just before the signing of phase one of the trade deal

• After the signing of phase one of the trade deal

What commitments has China made in the phase one agreement?

• To refrain from competitive devaluation and promote transparency

• To increase tariffs on US goods

• To reduce its exports to the US

• To increase its currency value

Which countries, besides China, are on the US monitoring list for currency practices?

• Japan and South Korea

• Germany and Ireland

• India and Brazil

• Russia and Mexico

Why did the US label China as a currency manipulator in August?

• China stopped trading with the US

• China increased tariffs on US goods

• China allowed its currency to weaken

• China increased its currency value

What additional issues does Senator Rick Scott associate with China?

• Economic growth and innovation

• Military expansion and space exploration

• Human rights violations and pollution

• Technological advancements and education