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US Declines to Label China a Currency Manipulator, but Blasts Its Transparency Policies

  • The U.S. Treasury released its semi-annual report on June 6, 2025, accusing China of lacking transparency but not labeling it a currency manipulator.
  • This report follows ongoing trade tensions and prior labeling of China as a manipulator in 2019, with both countries seeking to resolve disputes through talks.
  • Treasury Secretary Scott Bessent stated the U.S. Will sanction unfair currency practices and has warned partners about unbalanced trade policies.
  • The report noted China remains a transparency outlier, and a Treasury official said manipulation could be found in the fall, while Trump described a recent 90-minute call with Xi Jinping as "very positive."
  • The U.S. Has chosen not to designate China as a currency manipulator at this time, aiming to preserve constructive dialogue as negotiations continue on tariffs and the supply of rare earth minerals amid ongoing market fluctuations.
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Bloomberg broke the news in United States on Thursday, June 5, 2025.
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