The Presidential Daily Brief


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    US: China No Longer 'Currency Manipulator'

    Citing China's display of "transparency and accountability," Treasury Secretary Steven Mnuchin announced yesterday that his department would drop the country from its list of currency manipulators. Coming just days before the two sides are scheduled to sign the first part of their hard-fought trade agreement, the move — which pushed the yuan to a five-month high Tuesday — is aimed at easing tensions as Chinese Vice Premier Liu He heads to Washington.

    Have tempers cooled down? While some U.S. officials had criticized the designation in the first place, others say lifting the label is too lenient.

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