US declines to label China a currency manipulator, but blasts its transparency policies

Business

US declines to label China a currency manipulator, but blasts its transparency policies

Fatima Hussein

Associated Press Published: June 5, 2025 at 4:29 PM Tags: Steven Mnuchin , Donald Trump , Xi Jinping , Washington news , Business , Scott Bessent Treasury Secretary Scott Bessent walks at the White House, Tuesday, June 3, 2025, in Washington. (AP Photo/Alex Brandon) (Alex Brandon, Copyright 2025 The Associated Press. All rights reserved)

WASHINGTON – The U.S. declined to label China a currency manipulator in a new Treasury report released Thursday, but accuses Beijing of standing out among America's major trading partners for lacking transparency in its exchange rate policies.

Treasury’s semi-annual report to Congress — called