President Trump on Wednesday said he will not be labeling China a currency manipulator, breaking from his campaign promise to do so.
“They’re not currency manipulators,” Trump told the The Wall Street Journal in an interview. He added that China hadn’t been manipulating its currency for months and that he doesn’t want to throw a wrench into U.S.-China talks on North Korea.
On the campaign trail, Trump repeatedly accused China of manipulating its currency to hurt the U.S. in trade, and vowed to take action as president.
Trump also slammed former President Barack Obama publicly for refusing to call China a currency manipulator.
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