China Spared Currency Manipulator Tag

The Trump administration has once again declined to brand China a currency manipulator, but it did target China and five others for special monitoring for what the administration says are practices that are worsening America's trade deficit.

In a report it must issue every six months, the administration said on Friday that no country met the criteria to be labelled a currency manipulator. But six nations — China, Japan, South Korea, India, Germany and Switzerland — were placed on a watch list subjecting them to added U.S. pressure to lower trade surpluses.

India is new to the list. The five other nations had been cited in October. The report comes at a time President Donald Trump is threatening to impose penalty tariffs on China and other nations. (AP)