Trump administration officially declines to label China currency manipulator

The Trump administration has chosen not to brand China a currency manipulator in an official report, reversing one of the president's most prominent campaign promises on trade. In a semiannual report on America's major trading partners published late Friday, the Treasury Department declined to label any country a currency manipulator, though it kept China, Japan, Korea, Taiwan, Germany and Switzerland on a previously established "watchlist" of countries that merit close attention for their currency practices.