As noted in the department, Washington will work with the International Monetary Fund (IMF) to eliminate the "unfair advantage" obtained by Beijing by reducing the renminbi to the dollar to a minimum since December last year.
“The context of these actions and the implausibility of the stability of the Chinese market confirm that the goal of China's devaluation is to gain an unfair competitive advantage in international trade,” the statement said.
Earlier it was reported that the People's Bank of China on August 5 lowered the renminbi rate (the official name of the currency of China. - RT ) by 229 basis points - to the level of 6.9225 yuan per dollar.
Subsequently, US President Donald Trump said that the depreciation of the renminbi almost to a historic low is a “currency manipulation” by the Chinese authorities.
In May, media reported that the administration of the American president plans to expand the list of countries that the United States suspects of currency manipulation.