US does not brand China as currency manipulator

WASHINGTON (AP) — The Trump administration has again decided not to label China or any other country as a currency manipulator.

But in a report to Congress, the administration is keeping China on a list of countries whose trade surpluses with the United States and other indicators are closely tracked.

The administration says that no country meets the criteria to be labeled as a currency manipulator seeking to gain unfair trade advantages over the United States. But the report says that nine nations – China, Germany, Ireland, Italy, Japan, South Korea, Malaysia, Singapore and Vietnam – are on the monitoring list.

Two nations – India and Switzerland – that had been on the previous watch list issued in October were removed.