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US drops 'currency manipulator' designation for China. Here's what it means

US drops 'currency manipulator' designation for China. Here's what it means
The Trump administration is dropping its designation of China as a currency manipulator in advance of the signing Wednesday of a Phase 1 U.S.-China trade agreement. The preliminary pact that the two sides are set to sign this week includes a section that’s intended to prevent China from manipulating its currency to gain trade advantages.

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