Archive · 6 Jun 2025
US Refrains From Currency Manipulator Label for China, Warns Beijing
The US government is keeping an eye on how China handles its money, the RMB.
Even though they didn't say China is cheating, they told China to be more open about what it is doing with its money.
The US is ready to take action later if they need to.
The US is trying to fix trade issues and avoid a trade war with China.
The US reduced tariffs on Chinese goods and China did the same for US goods.
These changes have caused shifts in global markets and concerns in important areas like rare earth minerals.
The US Treasury Department did not label China a currency manipulator.
The report criticized China for not being transparent about its exchange rate policies.
The US may make a determination in the fall based on new evidence.
The Trump administration seeks to ease tensions and avoid a trade war.
Following a call, tariffs were temporarily reduced by both countries to facilitate trade talks.
- Who
- The US Treasury Department and China.
- What
- The US refrained from labeling China a currency manipulator but criticized China's lack of transparency in managing the RMB.
- When
- In a semi-annual report, amid ongoing trade discussions.
- Where
- The US and China.
- Why
- To address concerns about China's currency practices and broader trade imbalances.
China's Stance
US Stance
Currency Manipulation Label
China's Stance
China's position is not explicitly stated in the article.
US Stance
The US is concerned about China’s currency practices and the unbalanced trade relation.
- Report Type
- Semi-annual report by the Treasury Department.
- China's Issue
- Lack of transparency in exchange rate policies.
- Tariff Reduction Duration
- 90 days.
- Official
- US Treasury Secretary Scott Bessent
Sources
Trump, Xi hold talks amid strained US-China ties over trade disputes
US trade deficit narrows: Trade gap halves in April; China tensions keep outlook uncertain
Trump speaks to Xi amid US-China tariff tensions, says 'hard to make a deal with' Chinese President
Trump says 90-minute phone call with Xi had 'very positive conclusion' for US, China
U.S., China will resume trade talks, Trump says after call with Xi
Oil holds gains after Trump-Xi call signals easing trade tension
Trump’s call to Xi Jinping likely linked to magnet export disruptions, says EIU economist
