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U.S. refrains from currency manipulator label on major trade partners

Reuters  |  WASHINGTON 

WASHINGTON (Reuters) - The Trump administration again refrained from naming any major trading partners as currency manipulators on Friday as it pursues potential tariffs and negotiations to try to cut a massive trade deficit with China.In its semi-annual currency report, the U.S. Treasury said it has added India to a monitoring list for extra scrutiny, while keeping China, Japan, Germany, South Korea and Switzerland on the list started in 2016.The Treasury said that India had increased its foreign exchange purchases over the first three quarters of 2017, with full-year purchases reaching a ...

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First Published: Sat, April 14 2018. 02:52 IST