Steve Schwarzman: Trump Not Likely to Label China a Currency Manipulator

President Donald Trump is unlikely to designate China a currency manipulator this month, breaking a campaign promise, and may “circle back” on health-care legislation that failed in the House, one of his top economic advisers said.

The Trump administration is expected to issue a report in mid-April that will include a determination on whether China manipulates its currency, the renminbi. “I would doubt that would happen,” Stephen Schwarzman, Blackstone Group chairman and chief executive officer said Tuesday in a Bloomberg Television interview.

Trump’s plan to overhaul the tax code, meanwhile, will follow “a more deliberate, logical approach than trying to pass health care in 17 days,” Schwarzman said. “That is not going to happen” for the tax plan, he said.

The health-care bill may not be dead, though. Trump may “circle back on health care,” he said. “It sort of has difficulty being dead and gone. I think there’s work

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