President Donald Trump has said his administration will not label China a currency manipulator, rowing back on a campaign promise. The US president also left open the possibility of re-nominating Janet Yellen as the head of the Federal Reserve, despite having criticized her.
President Donald Trump has said his administration will not label China a currency manipulator, rowing back on a campaign promise. The US president also left open the possibility of re-nominating Janet Yellen as the head of the Federal Reserve, despite having criticized her.
He made the comments days after meeting China’s President Xi Jinping. China has been accused of suppressing the Yuan to make its exports more competitive with US goods.
Before the US election, Mr. Trump likened this to raping the US, and promised to label China a currency manipulator on his first day in office. That would have triggered talks between the countries and potentially led to US sanctions – something experts warned would have prompted retaliation.
But in an interview with the Wall Street Journal on Wednesday, Mr.
