US Removed China from Currency Manipulators

TEHRAN ( Iran News ) – The Treasury Department on Monday removed China from a list of countries the US regards as currency manipulators as the two economic powerhouses edged towards ending a damaging trade war. In its semiannual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, the Treasury concluded that “no major US trading partner” could be considered among currency manipulators at this time, Anadolu news agency reported. The decision came as trade negotiators for the US and China are set to meet Wednesday to sign a “phase one” deal in Washington aimed at ending a trade war that saw the world’s two largest economies slap tariffs on a range of products