ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Trade war

US removes China from 'currency manipulator' as talks progress

Partial trade deal eases concerns over yuan interventions

The U.S. Treasury Department will remove its designation of China as a currency manipulator in a semiannual report to be released soon.   © Reuters

WASHINGTON -- The U.S. Treasury Department on Monday removed China's designation as a currency manipulator for the first time in five months as the countries prepare to sign the first phase of a trade deal.

The deal to be signed Wednesday is expected to include language providing more clarity into China's currency practices, including a promise to refrain from competitively devaluing the yuan. The U.S. is easing its stance, as it believes the clause will lower the risk of currency manipulation by China.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more