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.