President Donald Trump said that he won't brand China a currency manipulator, retreating from a core campaign promise, though he argued that a strong dollar is hampering the ability of American firms to compete.
Trump, in an interview with the Wall Street Journal Wednesday, appeared to acknowledge that China hasn't been intervening to weaken its currency recently. “They're not currency manipulators,” he said.
It's a shift of opinion after Trump accused China during last year's election campaign of manipulating its currency to gain the upper hand in trade and vowed to label the country a manipulator on his first day.
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