💨 Abstract

In the latest Treasury report, the U.S. refrained from designating China a currency manipulator but criticized Beijing's lack of transparency in exchange rate policies. The U.S. is hopeful for a trade deal to prevent a trade war. President Trump had a positive call with Chinese President Xi Jinping, and both leaders have agreed to talks, with Trump temporarily reducing tariffs on Chinese goods. Both countries are taking steps to facilitate negotiations and stabilize trade relations.

Courtesy: WTOP Staff