The United States will not label China A currency manipulator in the middle of the price war

Washington (AP) – The United States has refused to label China A currency manipulator in a new Treasury report published Thursday, but accuses Beijing to stand out among the main American trade partners for lack of transparency in its exchange rate policies.

The semi -annual report from the Treasury to the Congress – called the macroeconomic and foreign policies of the main trade partners of the United States – when the Trump administration seeks to conclude a trade agreement with China, avoiding a trade war that has prepared between the two nations.

A Treasury official told journalists by previewing the report that the United States could in the future find evidence that China manipulated its currency and would make a decision in the fall if China has manipulated the Renminbi, also known as RMB.

During the president Donald Trump The first mandate, the Treasury, which was then led by secretary Steve Mnuchin, labeled in China A currency manipulator in 2019 – Before that, the United States had not put China on the black list of money since 1994.

The Secretary of the Treasury, Scott Bessent, said that the administration “put our business partners to note that macroeconomic policies that encourage an unbalanced commercial relationship with the United States will no longer be accepted”.

“In the future, the Treasury will use all the tools available at its disposal to implement solid countermeasures against unfair money practices,” he said.

The decision not to sanction China for manipulation of currencies comes after Trump said Thursday that his first appeal with China Xi Jinping Since the return to his duties was “very positive”, announcing that the two countries will organize commercial talks in the hope of breaking a dead end on the rates and world supplies of rare earth minerals.

“Our respective teams will come together shortly in a place to be determined,” wrote Trump on his social media platform after the call, which, according to him, lasted an hour and a half.

Trump has has lowered its 145% prices on Chinese products at 30% for 90 days to allow talks. China has also reduced its taxes on American products from 125% to 10%. The back and forth has caused strong oscillations on the world markets and threatens to hinder trade between the two countries.