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PartialTrade & Tariffs

On day one of a Trump administration, the U.S. Treasury Department will designate China a currency manipulator. This designation will trigger a series of actions that will start the process of imposing countervailing duties on cheap Chinese imports, defending American manufacturing and preserving American jobs.

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PartialFact-checker reviewConfidence: 80%

Treasury did not designate China a currency manipulator on day one; its April 2017 and subsequent semiannual foreign-exchange reports declined to do so. The designation eventually came on August 5, 2019 - the first for any country since 1994 - but Treasury reversed it on January 13, 2020, two days before the Phase One trade deal was signed. The promised designation happened during the term but not on day one, lasted only five months, and did not trigger the countervailing-duty process the promise described; China tariffs instead proceeded under separate Section 301 authority.

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