Trump: The US government will not list China as a “currency manipulator”
Xinhua News Agency, Washington, April 12 (reporter Gao Pan, Jiang Yujuan) according to the US Wall Street Journal report on the 12th, US President Trump said on the same day, the U.S. government will not list China as a “currency manipulator” in a report to be released this week “.
Trump said in an interview with The Wall Street Journal that day that China is not a “currency manipulator”. He pointed out that China has not “manipulated the exchange rate” in recent months “.
According to US media reports, the US Treasury Department may release the latest semi-annual international economic and exchange rate policy report this week. The last international economic and exchange rate policy report released by the U.S. Treasury Department on last October shows that major U.S. trading partners including China have not manipulated the currency exchange rate to gain unfair trade advantages.
In January this year, Jacob Lew, then US Treasury secretary, said that the measures taken to defend the RMB exchange rate in the past 18 months showed that China did not seek to gain unfair trade advantages through RMB devaluation. He warned that if the Trump administration equated China’s policy with the devaluation of the renminbi to gain unfair trade advantages, it would be “inevitably dangerous.
Henry Levin, a former US Department of Commerce official and senior consultant of Albright Stone Bridge Consulting Group, said in an interview with Xinhua News Agency recently that it is absurd to list China as a “currency manipulator” now, because China is preventing the RMB exchange rate from falling further.
Studies by the International Monetary Fund, Peterson Institute for International Economics and other institutions show that China has not “manipulated the exchange rate” in the past two years, and the relevant charges against China’s “manipulating the exchange rate” are not valid. (Finished)
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Xinhua News Agency, Washington, April 12 (reporter Gao Pan Jiang Yujuan) according to the US Wall Street Journal reported on the 12th, US President Trump said on the same day that the US government would not list China as a “currency manipulator” in a report to be released this week”
