In accepting the Republican nomination last summer, Mr. Trump called China the “greatest currency manipulators ever!”<br />Upon announcing his candidacy in 2015, Mr. Trump said<br />that China’s currency practices were making it impossible for American companies to compete and declared, “They’re killing us.”<br />In the Trump campaign’s “contract” with American voters he promised, “I will direct the Secretary<br />of the Treasury to label China a currency manipulator” in the first 100 days of his presidency.<br />Treasury Says China Isn’t a Currency Meddler, After Trump Reversal -<br />By ALAN RAPPEPORTAPRIL 14, 2017<br />WASHINGTON — The Treasury Department officially declined on Friday to label China a currency<br />manipulator, breaking one of President Trump’s most prominent campaign promises.<br />Mr. Trump signaled this week in an interview that he was reversing his position,<br />and he has taken a less confrontational stance toward China since meeting with President Xi Jinping this month.<br />In its exchange rate report to Congress, the Treasury said<br />that in spite of China’s large trade surplus with the United States, it was not acting improperly to depress the value of its currency.
