Label China a Currency Manipulator
Current Status: FalteringAs of
"I will begin taking the following seven actions to protect American workers:
THIRD, I will direct my Secretary of the Treasury to label China a currency manipulator;"
- "Donald Trump's Contract With The American Voter," October 2016
As of 21 January, 2017, after a full 24 hours in office, this promise had not been addressed.
Meanwhile, in late February 2017, Treasury Secretary Steven Mnuchin signaled no urgency to designate China a currency manipulator, saying he wants to use a regular review of foreign-exchange markets in April to determine if the U.S.’s largest trading partner is cheating.
In an April 2017 interview with The Wall Street Journal, Trump said his administration won’t label China a currency manipulator in a report to be published. A year later, the Treasury Department maintained that it would not label China a currency manipulator. Days later, an accusation in a Trump tweet seemed to counter his own administration's statement, but was unclear enough in context to know for sure what he was considering "unacceptable."
Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!— Donald J. Trump (@realDonaldTrump) April 16, 2018
As of June 2018 there has been no official designation of China as a currency manipulator.