U.S. designates China a currency manipulator, escalating trade war

By David Lawder, Andrea Shalal and Andrew Galbraith WASHINGTON/SHANGHAI (Reuters) - A yearlong U.S.-China trade war boiled over on Monday as Washington accused Beijing of manipulating its currency after China let the yuan drop to its lowest point in more than a decade. The U.S. Treasury Department announced late on Monday that it had determined for the first time since 1994 that China was manipulating its currency, knocking the U.S

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