Economy Jan 13

U.S. drops designation of China as currency manipulator

Treasury Secretary Steven Mnuchin said the administration had dropped China’s designation as a currency manipulator because of commitments in the Phase 1 trade agreement that President Donald Trump is to sign with China on Wednesday at the White House.

World Dec 14

Employees work at a garment factory of Hefei Shichao Clothing Co. Ltd in Hefei, Anhui province January 16, 2011. The Trump administration is delaying some tariffs on Chinese clothing. Photo by Reuters
China welcomes preliminary deal in trade war it blames on US

Chinese experts and news media joined government officials in saying the deal would reduce uncertainty for companies, at least in the short term. They remained cautious, saying both sides will have to show a willingness to compromise to resolve the…

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