A- A A+
Last Updated : Jan 18 2021 4:18PM     Screen Reader Access
News Highlights
PM Modi lays foundation stone of environment friendly Ahmedabad Metro Rail Project Phase-II and Surat Metro Rail Project            National COVID-19 recovery rate improves to 96.59 per cent            Over 2 lakh people vaccinated for Covid-19 across country during past two days            Britain invites PM Modi to attend G7 Summit to be held in June this year            Brisbane Test: Australia bundled out for 294 on day 4           

International News

Aug 06, 2019
8:50AM

United States designates China a "currency manipulator"

AIR PIC
The United States has designated China a "currency manipulator", a move that could escalate the tense trade relations between the two nations.

During the 2016 presidential elections, Donald Trump had promised to label China as a currency manipulator, but the Department of Treasury kept the country on its watchlist, declining to take the step.

Treasury Department last night announced that Secretary Steven Mnuchin, under the auspices of President Trump, has determined that China is a 'Currency Manipulator'.

Mnuchin, after this decision, will engage with the International Monetary Fund to eliminate the unfair competitive advantage created by China's latest actions, the treasury said.

Earlier in the day, Trump tweeted that China is intent on continuing to receive the hundreds of Billions of Dollars they have been taking from the US with unfair trade practices and currency manipulation.

In a statement, the treasury department alleged that China has a long history of facilitating an undervalued currency through protracted, large-scale intervention in the foreign exchange market.

   Related News

Live Twitter Feed

Listen News

Morning News 18 (Jan) Midday News 18 (Jan) Evening News 17 (Jan) Hourly 18 (Jan) (1300hrs)
समाचार प्रभात 18 (Jan) दोपहर समाचार 18 (Jan) समाचार संध्या 17 (Jan) प्रति घंटा समाचार 18 (Jan) (1310hrs)
Khabarnama (Mor) 18 (Jan) Khabrein(Day) 18 (Jan) Khabrein(Eve) 17 (Jan)
Aaj Savere 18 (Jan) Parikrama 17 (Jan)

Listen Programs

Market Mantra 17 (Jan) Samayki 1 (Jan) Sports Scan 17 (Jan) Spotlight/News Analysis 17 (Jan) Employment News 17 (Jan) रोजगार समाचार 17 (Jan) World News 17 (Jan) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 17 (Jan) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 16 (Jan) North East Diary 17 (Jan)