April: Treasury Department and Deliberations

april: And he is reportedly trying to influence the Treasury Department's deliberations, according to The Guardian. What has changed since the last report in April That document, like similar reports written during the previous two administrations, did not find China guilty of manipulation. For his part, President Donald Trump is already accusing China of doing so, as he did throughout the 2016 election campaign. In fact, the last time the Treasury Department declared China or anyone else a manipulator was in 1994. It has not been persistently intervening in foreign-exchange markets at least not to push down its currency and it is not running an overall current-account surplus greater than or equal to 3% of GDP its surplus in 2017 was 1.3% . Q&A What is the China-US trade war about Show Hide China and the US officially launched a trade war on 6 July. The reason for this is simple China does not meet the three criteria that Congress has set for determining currency manipulation. (news.financializer.com). As reported in the news.