March 12 (Reuters)- U.S. President Barack Obama's vow to get tougher on countries such as China that undervalue their currencies has heightened attention on whether the U.S. Treasury Department will formally label China as a currency manipulator in a semiannual report due in April.

Currencies

That move would require the department to begin "expedited" negotiations with China on the currency, although U.S. law provides an escape clause to avoid that. For details, see [ID:nN12170250].

Obama criticized his predecessor, former President George W. Bush, for repeatedly refusing to label China as a manipulator. But Obama has followed the same course in the two Treasury reports released since he took office.

Following are details on the 1988 law that governs the report and efforts to revamp it:

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