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 significant agreement did the Treasury Department help secure with China?

What commitments has China made regarding its currency practices?

What was the US's stance on labeling China as a currency manipulator?

When was the last time the US labeled China as a currency manipulator before the recent decision?

What did Republican Senator Rick Scott say about China's status as a currency manipulator?