Trump won’t label China a currency manipulator

How many times did Trump say he was going to “label China a currency manipulator” during the campaign?

“WASHINGTON—President Donald Trump said Wednesday the U.S. dollar “is getting too strong” and he would prefer the Federal Reserve keep interest rates low.

Mr. Trump, in an interview with The Wall Street Journal, also said his administration won’t label China a currency manipulator in a report due this week.

He left open the possibility of renominating Federal Reserve Chairwoman Janet Yellen once her tenure is up next year, a shift from his position during the campaign that he would “most likely” not appoint her to another term. …

Mr. Trump said the reason he has changed his mind on one of his signature campaign promises is that China hasn’t been manipulating its currency for months and because taking the step now could jeopardize his talks with Beijing on confronting the threat of North Korea.

“They’re not currency manipulators,” Mr. Trump said. …”

Uh huh. Yeah. Understood.

In other words, we’re going to have the same trade policy as always, which is to say, a low tariff free-trade regime that is subordinated to globalist foreign policy goals.