Jim Watson | AFP | Getty Images
President Donald Trump (R) and Chinese President Xi Jinping (L) shake hands during dinner at the Mar-a-Lago estate in West Palm Beach, Florida, on April 6, 2017.
Confirming a reversal on tough China talk, President Donald Trump told The Wall Street Journal Wednesday that he will not label the country a currency manipulator in a report due this week.
“They’re not currency manipulators,” Trump said in the interview.
The president also said putting the label on China now could jeopardize U.S. talks with Beijing on the North Korean threat, according to the Journal.
Slapping the label on China had been one of Trump’s key campaign promises.
In the Treasury’s most recent review in October, China met only one of three criteria set down by the United States before it can label the communist country a currency manipulator. The Treasury is expected to update the report this month.
Read the full interview in The Wall Street Journal here.
