A U.S. Treasury spokesman confirmed that the Treasury Department's semi-annual report on currency practices of major trading partners, due out later this week, will not name China a currency manipulator. "They're not currency manipulators," Trump said about China. The statement is an about-face from Trump's election campaign promises to slap that label on Beijing on the first day of his administration as part of his plan to reduce Chinese imports into the United States.
The Wall Street Journal paraphrased Trump as saying that the reason he changed his mind on the currency issue was because China has not been manipulating its yuan for months and because taking the step now could jeopardize his talks with Beijing on confronting the threat from North Korea.
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| 2024 Presidential contenders on Free Trade: | |||
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Candidates for President & Vice-President:
V.P.Kamala Harris (D-CA) Robert F. Kennedy Jr.(I-CA) Chase Oliver(L-GA) Dr.Jill Stein(D-MA) Former Pres.Donald Trump(R-FL) Sen.J.D.Vance(R-OH) Gov.Tim Walz(D-MN) Dr.Cornel West(I-NJ) |
2024 presidential primary contenders:
Pres.Joe_Biden(D-DE) N.D.Gov.Doug Burgum(R) N.J.Gov.Chris_Christie(R) Fla.Gov.Ron_DeSantis(R) S.C.Gov.Nikki_Haley(R) Ark.Gov.Asa_Hutchinson(R) Former V.P.Mike Pence(R-IN) U.S.Rep.Dean_Phillips(D-MN) Vivek_Ramaswamy(R-OH) S.C.Sen.Tim_Scott(R) | ||
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