 President Trump welcomes Chinese President Xi Jinping to the Mar-a-Lago estate in Palm Beach, Fla., on April 6. (Jim Watson/AFP) By Damian Paletta and Ana Swanson President Trump, who made opposition to free trade with China and other countries a centerpiece of his campaign and has continued with tough talk since entering office, is struggling to enact policies that match his trade rhetoric. Within days Trump will decide whether to follow through on his campaign pledge to declare China a "currency manipulator," a designation that could lead to new U.S. tariffs if China doesn't change its practices. And while Trump has called China "grand champions" of currency manipulation as recently as February, three people familiar with the discussions say it did not appear likely that the Treasury Department would officially designate China in its semiannual foreign currency report due Saturday. The people, who spoke on the condition of anonymity because the discussions are still underway, stressed that no final decision has been made. Trump had promised to label China a "currency manipulator" on his first day in office, but his administration has moved slowly to follow through on many of his trade-related threats. Read the rest on Wonkblog.
Chart of the day The Republican tax plan could introduce inflation into the American economy -- after a lengthy absence. Max Ehrenfreund has more. 
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