https://techcrunch.com/2019/08/05/u-s-treasury-just-designated-china-as-a-currency-manipulator-so-expect-more-economic-shocks/

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 will likely see both countries stepping up both their rhetoric and actions in the trade dispute that has now dragged on for over a year.