Despite pressure, US refuses to label China a manipulator

Dec 20, 2006 | 10:28 AM | Rory Carroll

The U.S. Treasury Department declined to label China a currency manipulator in a report to Congress Wednesday, a move that sparked little surprise among observers but still inflamed passions on Capitol Hill.

"Today, the administration chose to turn a blind eye to China's mercantilist trade practices and once again failed America's domestic manufacturing sector," Rep. Phil English (R., Pa.), said. English is an active participant of the House Steel Caucus. "Treasury's findings are a real disappointment and only further point to....

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