On June 3, 2025, the United States Treasury Secretary Scott Bessent announced that the U.S. would not label China a currency manipulator. This decision comes amidst an ongoing tariff war between the two nations. The announcement was made in Washington, D.C., and marks a significant development in the economic tensions between the U.S. and China. The decision not to label China a currency manipulator is a notable shift in the U.S. stance, which has previously been critical of China's currency practices. The tariff war between the U.S. and China has been a contentious issue, with both countries imposing tariffs on each other's goods. This economic conflict has had wide-ranging impacts on global trade and has been a focal point of international economic discussions. The decision not to label China a currency manipulator could potentially ease some of the economic tensions between the two superpowers. The outcome of this announcement remains to be seen, but it is clear that it represents a significant step in the ongoing economic dialogue between the U.S. and China. The decision not to label China a currency manipulator could influence future trade negotiations and economic policies between the two countries.