Donald Trump has been tweeting about his about turn on calling China a currency manipulator. So, as I say, he's correct that China isn't a manipulator in the sense normally used, making the yuan and thus exports cheap. Trump's explanation is that China is cooperating over North Korea so at the very least realpolitik means to go easy upon them. And that's to make trade subject to politics which is something I always think is rather dangerous:Why would I call China a currency manipulator when they are working with us on the North Korean problem? I'm fine with the two things, being against N Korea's nuclear ambitions and as China isn't a currency manipulator then declaring them not to be.

Source: Forbes April 16, 2017 14:48 UTC