Semi-annual US Treasury currency report

  • US Treasury report says no major trading partner met its standards for currency manipulation in first half of 2017
  • Says China, Germany, Japan, South Korea and Switzerland remain on monitoring list of major trading partners that merit close attention to currency practices; Taiwan removed from list

More (via Reuters):

  • Washington declined to name China as a currency manipulator
  • Although it remained critical of the Chinese government's economic policies ahead of a planned visit to Beijing by President Donald Trump.
  • "Treasury remains concerned by the lack of progress made in reducing the bilateral trade surplus," the department said in the report. "China continues to pursue a wide array of policies that limit market access for imported goods and services."
  • Trump, who on the campaign trail blamed China for "stealing" U.S. jobs and prosperity by cheapening its currency, had repeatedly promised to label the country as a currency manipulator on "day one" of a Trump administration - a move that would trigger special negotiations and could lead to punitive duties and other action. But the president's comments on China have been less harsh since taking office in January.

This guy had a list too!