The report was officially due in mid-April but was delayed partly due to the changes to the criteria used to evaluate countries, a senior Treasury official told reporters Tuesday.
(May 29): The Trump administration again refrained from labelling China a currency manipulator on Tuesday, a decision that leaves one of the president’s campaign promises unfulfilled but avoids further escalation in the trade war between the world’s two largest economies.
The Treasury Department issued its semi-annual foreign-exchange report to Congress, expanding the number of countries it scrutinises for currency manipulation to 21 from 12. Five countries – Ireland, Italy, Vietnam, Singapore and Malaysia – joined China, Japan, South Korea and Germany on a watch list for manipulation, while India and Switzerland were removed.
