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Evan Vucci / AP

President Trump no longer plans to label China a currency manipulator, despite repeated campaign promises to do so "on day one," according to an interview published Thursday in the Wall Street Journal. And he was pretty blunt about it:

They're not currency manipulators.

What changed? Now that Trump is actually president, he realizes that such a public rebuke of China could endanger talks over bigger issues like North Korea. Plus, China stopped undervaluing its currency years ago.

Other highlights from the WSJ interview:

  • Trump is open to renominating Federal Reserve chair Janet Yellen when her term expires next year. He also plans to soon nominate a Fed vice chair and the community banking seat.
  • He now supports the U.S. Export-Import Bank, which is another shift from campaign rhetoric.
  • Trump thinks "our dollar is getting too strong."

Go deeper

Dave Lawler, author of World
13 mins ago - World

What has and hasn't changed as Biden takes over U.S. foreign policy

Photo Illustration: Brendan Lynch/Axios. Photo: Chip Somodevilla/Getty Images

President Biden swiftly recommitted the U.S. to the Paris climate pact and the World Health Organization, but America's broader foreign policy is in a state of flux between the Trump and Biden eras.

Driving the news: One of the most striking moves from the Biden administration thus far was a show of continuity — concurring with the Trump administration's last-minute determination that China had committed "genocide" against Uyghur Muslims.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Health: New coronavirus cases down, but more bad news ahead — Fighting COVID-19's effects on gender equality.
  2. Politics: Biden unveils "wartime" COVID strategyBiden's COVID-19 bubble.
  3. Vaccine: NYC postpones vaccine appointments following shipment delays — Private companies step in to fill vaccine logistics vacuum.
  4. World: Biden will order U.S. to rejoin World Health OrganizationBiden to bring U.S. into global COVAX initiative for equitable vaccine access.
Updated 2 hours ago - Politics & Policy

Congress grants waiver for retired Gen. Lloyd Austin to lead Pentagon

Defense Secretary nominee Lloyd Austin. Photo: Chip Somodevilla/Getty Images

Both chambers of Congress on Thursday voted to grant retired Gen. Lloyd Austin a waiver to lead the Pentagon, clearing the path to confirmation for President Biden's nominee for defense secretary.

Why it matters: Austin's nomination received pushback from some lawmakers, including Democrats, who cited a law that requires officers be out of the military for at least seven years before taking the job — a statute intended to reinforce the tradition of civilian control of the Pentagon.