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Trade war

US does not brand China as currency manipulator

Malaysia, Singapore and Vietnam added to expanded list of nine monitored countries

Trump vowed to brand China a currency manipulator in his election campaign, but so far the administration has passed up five opportunities to do so.   © Reuters

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 on Tuesday, 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 said that no country meets the criteria to be labeled as one seeking to gain unfair trade advantages over the United States by manipulating its currency. But the report said that nine nations -- China, Germany, Ireland, Italy, Japan, South Korea, Malaysia, Singapore and Vietnam -- are on the monitoring list.

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