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.

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