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Incoming Trump administration senior counselor for trade and manufacturing Peter Navarro told Reuters on Dec. 12 that the new Treasury Department would not take lightly Chinese attempts to manipulate its currency.
In 2019, the first Trump administration declared China a currency manipulator, the first such designation since 1994, but revoked the status a year later. Beijing has rejected the claim.
“I don’t believe the Trump Treasury Department would welcome Chinese currency manipulation very fondly,” Navarro said. “The history of China as a currency manipulator is well-known.”
Navarro was also a senior trade adviser in the first Trump administration.
He said the White House would not interfere with the incoming Treasury Department’s currency review. […]
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