Pakistan, June 7 -- No major U.S. trading partner manipulated its currency in 2024, the Treasury Department said on Thursday in the first semi-annual currency report of President Donald Trump's new administration, although its "monitoring list" of countries warranting close attention grew to nine with the addition of Ireland and Switzerland.
While it did not label China a currency manipulator for now despite "depreciation pressure" facing its currency, the yuan, Treasury issued a stern warning to China, saying it "stands out among our major trading partners in its lack of transparency around its exchange rate policies and practices."
"This lack of transparency will not preclude Treasury from designating China if available evidence suggest...