President Donald Trump said that he won't brand China a currencymanipulator, retreating from a core campaign promise, though heargued that a strong dollar is hampering the ability of Americanfirms to compete.

Trump, in an interview with the Wall Street Journal Wednesday,appeared to acknowledge that China hasn't been intervening toweaken its currency recently. “They're not currency manipulators,”he said.

It's a shift of opinion after Trump accused China during lastyear's election campaign of manipulating its currency to gain theupper hand in trade and vowed to label the country a manipulator onhis first day.

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