washington unite state tuesday decline name china currency manipulator although remain critical chinese government economic policies ahead plan visit beijing president donald trump semi-annual u.s. treasury currency report say countries deserve currency manipulator label keep china currency monitor list despite fall china global current account surplus since 2016. china currency renminbi yuan also strengthen sharply dollar year reverse three straight years weaken treasury cite china unusually large bilateral trade surplus unite state treasury remain concern lack progress make reduce bilateral trade surplus department say report china continue pursue wide array policies limit market access import goods service u.s.-china trade deficit stand 34.9 billion august near two-year high four trade partner monitor list april japan south korea germany switzerland remain list administration say remove taiwan list reduce scale foreign exchange interventions deputy governor ching-long yang say taiwan central bank continue currency dialogue washington south korea finance ministry official charge currency market say washington decision expect note shrink trade surplus unite state help country avoid currency manipulator label currency market market-oriented conduct smooth operations case sharp volatility kim yoon-kyung director general ministry international finance bureau tell reuters phone trump campaign trail blame china steal u.s. job prosperity cheapen currency repeatedly promise label country currency manipulator day one trump administration move would trigger special negotiations could lead punitive duties action president comment china less harsh since take office january trump say would like beijing help pressure north korea abandon nuclear weapons program plan meet chinese president xi jinping trip beijing november currency market analysts large expect trump administration take hard line currency issue context north korea tensions necessity best possible cooperation get china north korea issue label currency manipulator probably best way go say joseph trevisani chief market strategist worldwide market woodcliff lake new jersey addition specific criteria treasury label someone currency manipulator past year half china simply fit categories previous report currencies april treasury criticize china past efforts hold yuan value say recent efforts beijing prevent sudden depreciation yuan probably help unite state disorderly currency depreciation ... would negative consequences unite state china global economy treasury say fact three years depreciate dollar weaken 12 percent yuan year strengthen nearly percent yet trade follow report release offshore yuan little change dollar treasury alter three major thresholds identify currency manipulation put place last year obama administration bilateral trade surplus unite state 20 billion global current account surplus least percent gross domestic product persistent foreign exchange purchase equal percent gdp 12 months countries determine meet three criteria treasury say country would put monitor list meet two criteria account large disproportionate share overall u.s. trade deficit also say countries put list would stay least two consecutive currency report help ensure improvement performance versus criteria durable trump administration decline name china currency manipulator