U.S. Treasury just designated China as a currency manipulator, so expect more economic shocks

4:42pm PDT - August 5th, 2019    cnbc - TechCrunch

The U.S. Treasury has just taken the extraordinary step of designating China as a currency manipulator, something no administration has done since the days of Bill Clinton. With the action, the trade war between the U.S. and China has entered a new phase that…