A- A A+
Last Updated : Aug 4 2020 10:49PM     Screen Reader Access
News Highlights
Over Rs. 92,000 crore disbursed under 100 per cent ECLG Scheme by Public & private banks: FM            Indian Railways revises its Freight Policy during Unlock 3.0            Covid-19 recovery rate improves to 66.30 per cent            PM Modi to take part in Bhumi Poojan for construction of Ram Temple in Ayodhya tomorrow            Relief & rescue operation intensified in flood affected areas of Bihar           

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 4 (Aug) Midday News 4 (Aug) Evening News 4 (Aug) Hourly 4 (Aug) (1800hrs)
समाचार प्रभात 4 (Aug) दोपहर समाचार 4 (Aug) समाचार संध्या 4 (Aug) प्रति घंटा समाचार 4 (Aug) (2200hrs)
Khabarnama (Mor) 4 (Aug) Khabrein(Day) 4 (Aug) Khabrein(Eve) 4 (Aug)
Aaj Savere 4 (Aug) Parikrama 4 (Aug)

Listen Programs

Market Mantra 4 (Aug) Samayki 4 (Aug) Sports Scan 23 (Mar) Spotlight/News Analysis 4 (Aug) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 29 (Jul) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 1 (Aug)
  • Money Matters 22 (Mar)
  • International News 22 (Mar)
  • Press Review 23 (Mar)
  • From the States 23 (Mar)
  • Let's Connect 22 (Mar)
  • 360°- Ek Parivesh 23 (Mar)
  • Know Your Constitution 30 (Jan)
  • Ek Bharat Shreshta Bharat 22 (Mar)
  • Sanskriti Darshan 23 (Mar)
  • Fit India New India 23 (Mar)
  • Weather Report 21 (Mar)
  • North East Diaries 22 (Mar)
  • 150 Years of Bapu 22 (Mar)
  • Sector Specific Discussions 22 (Mar)