US declines to label China a currency manipulator | Comcast The Obama administration declined Tuesday to label China a currency manipulator, noting that it has let the yuan rise nearly 10 percent in value against the dollar since June 2010. U.S. manufacturers contend that China is manipulating its currency to gain a trade advantage. A weaker yuan makes Chinese goods cheaper for American consumers and U.S. goods more expensive in China. "It's time for the Obama administration to rip off the Band-aid and force China to play by the same rules as all other nations." Obama throws U.S manufactures under the bus , who's side is he on ?