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Trump administration drops labelling China as a currency manipulator
Administration drops charges as the two superpowers move closer to a trade deal
The Trump administration has withdrawn its designation of China as currency manipulator, as the two economic superpowers move closer to a trade deal.
The decision to drop the designation comes ahead of the announcement of a trade deal between the two sides, expected on Wednesday. The trade dispute has rocked US manufacturing and caused an economic slowdown in China.
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