US Treasury Secretary Yellen will not classify China as a currency manipulator, as the country’s previous authorities have repeatedly done. According to experts, this may indicate that Washington wanted some semblance of a truce in the trade war with Beijing, which has lasted since the end of 2017, and sends a signal to that.

The release of the exchange rate report is expected on April 15th. At the moment, the final version of the document is not ready yet, but it is already known that it will not mention China as a currency manipulator.

Additionally, Yellen can initiate the cancellation of the reform during the Trump presidency. The former head of state has tightened the requirements for other states, lowering the threshold for recognizing them as currency manipulators. This status allows Washington to impose some restrictions, including on bilateral trade.