About: http://data.cimple.eu/news-article/01b4e689afd356188a52750d020e8cc040ca452ae4d747d0ddfc0baf

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About: http://data.cimple.eu/news-article/01b4e689afd356188a52750d020e8cc040ca452ae4d747d0ddfc0baf Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The United States on Monday will formally retract its accusation that China manipulates its currency to gain unfair trade advantages, according to a media report. The news emerges two days before Beijing and Washington are due to sign a partial trade deal, marking an end to nearly two years of trade conflict. It would also undo the major escalation from August by President Donald Trump, who made good on a campaign pledge to brand Beijing a currency manipulator. CNBC reported Monday that Treasury will reverse the designation, citing an unnamed source. The news helped drive Wall Street higher around 1700 GMT. Trump in August angrily accused Beijing of weakening its currency "to steal our business and factories," re-stating a long-standing grievance. Chinese authorities in August allowed the yuan to fall below 7 to the dollar for the first time in a decade, sending shudders through stock markets at the time and stoking Trump's ire. The currency manipulator designation was largely symbolic, however: the US Treasury committed to work with the International Monetary Fund to "eliminate the unfair competitive advantage" created by China's alleged actions and to consult with Beijing about the matter. Meanwhile, the US Trade Representative's Office announced over the weekend that, to implement the agreement due to be signed Wednesday, Washington and Beijing will hold "at least bi-annual" meetings. Treasury Secretary Steven Mnuchin and Federal Reserve Governor Jay Powell are also due to conduct macro-economic meetings with top Chinese officials "on a regular basis," the trade representative's office said. dg/jm
schema:headline	US to de-list China as currency manipulator: report
schema:mentions	United States Secretary of the Treasury Steven Mnuchin Currency intervention United States Department of the Treasury Renminbi CNBC Federal Reserve International Monetary Fund Currency George Washington United States dollar United States China President of the United States Donald Trump Jay Powell Office of the United States Trade Representative Government of China Greenwich Mean Time
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-01-13 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	88 (xsd:integer)

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