In recent weeks, Trump has moved away from his tough campaign rhetoric on trade.
Additionally, Trump said his administration will not label China as a currency manipulator - a stark reversal from comments he made during his presidential campaign.
But those presidents, girded by previous political experience, acknowledged some of the political headwinds they'd face as they sought to implement ambitious agendas.
China met only one of the three criteria required to be labeled a currency manipulator - a large trade surplus with the United States - while Germany also met a second: a current account surplus amounting to more than three percent of the nation's economic output.
For years Trump said that China was "eating our lunch", and he peppered his campaign rallies with promises to label China a currency manipulator as one of his first acts.
New language in the Treasury report citing a history of currency intervention in China, South Korea and Taiwan is in line with what experts say could be eventual changes to the criteria aimed at deterring future manipulation.
"Trump's "far better trade deal" linkage to North Korea is amateurish, illogical horse trading, at best", Zimmerman said.
Trump's gestures to Moscow even fueled perceptions that his campaign and Russian Federation were colluding to help him get elected - a possibility the Federal Bureau of Investigation is now investigating.
"China has years of experience manipulating its currency to gain a trade advantage".
In fact, the president's trade stance on China has taken an even softer tone since he met last week with President Xi Jinping.
In a statement, the Treasury said the findings and recommendations of the Report are meant to combat potentially unfair currency practices and support the growth of free and fair trade.
Treasury said it will be scrutinising China's trade and currency practices very closely, especially in light of the extremely sizable bilateral trade surplus that China has with the United States. Mr DiMicco, a staunch critic of Chinese protectionism, responded to a...
Before the summit, Trump tweeted that the meeting would be a "very hard one" due to China's large trade deficit and the American jobs it had cost. Such tariffs, though, could be overturned in a review by the World Trade Organization. It's complicated. The two sides are economically entwined yet geopolitical adversaries in the Pacific, where China's ambition to project power risks colliding with the USA commitment to keep peace.
Because it had been more than two decades since any country had been named a currency manipulator, Congress in 2015 changed the law to require Treasury to put countries on a less onerous "monitoring" list.
Founded in 2016, the annual Penn Wharton China Summit is one of the most widely attended conferences that focus on China in the American academia.
In Syria, the decision to launch a cruise-missile strike on an airfield after President Bashar al-Assad attacked a rebel-held town with deadly sarin gas appeared to break with Trump's "America First" vision, while also alienating Russian Federation, whose leaders Trump courted on the campaign trail.
On Wednesday, at a joint news conference with North Atlantic Treaty Organisation secretary general Jens Stoltenberg: "I said it was obsolete".