AP: U.S. Refuses to Label China as a Currency Manipulator but Criticizes Lack of Transparency in Policy According to a report by AP on June 6th - the United States refused to label China as a currency manipulator in a new Treasury Department report released on Thursday, but criticized that China stood out among its major trading partners due to the lack of transparency in its exchange rate policy. The semiannual report submitted to Congress - titled "Macroeconomic and Foreign Exchange Policies of Major U.S. Trading Partners" - was released at a time when the Trump administration sought to reach a trade agreement with China to avoid an escalating trade war between the two countries. During President Trump's first term, the Treasury Department led by then-Secretary of State Steve Mnuchin labeled China as a currency manipulator in 2019 - prior to this, the United States had not included China on the currency blacklist since 1994. Treasury Secretary Scott Bessent (Scott Bessent) stated that this administration "has made our trading partners aware that macroeconomic policies incentivizing imbalanced trade relationships with the United States will no longer be accepted." Original source: https://www.toutiao.com/article/1834129171644426/ Disclaimer: This article represents only the views of the author.