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According to the U.S. Treasury, Vietnam and Taiwan have crossed currency thresholds but do not have a manipulator label

File Photo: The US Treasury will be seen on August 30, 2020 in Washington, DC, USA.Reuters / Andrew Kelly / File Photos

December 3, 2021

David Loader and Andrea Charal

(Reuters) -Friday’s US Treasury officially made Vietnam and Taiwan officially operating countries, although they continued to exceed the thresholds of currency manipulation and enhanced analysis possible under the US Trade Act of 2015. He said he refrained from branding.

The Treasury reports in its semi-annual currency report that during the year to June 2021, the major U.S. trading partners who tried to manipulate currencies to thwart their trade advantage and balance of payments adjustments Said not.

Vietnam and Taiwan have exceeded the trade surplus, balance of payments and foreign exchange intervention thresholds and will continue to work together to address US concerns.

The Ministry of Finance said, “I am satisfied with Vietnam’s progress so far,” and has continued to engage with Taiwan since May.

“This involvement involves encouraging the development of plans with specific actions to address the root causes of currency undervaluation and external imbalances,” the Treasury said of Taiwan’s involvement. I did.

The Treasury said Switzerland, which was labeled as a manipulator by the Trump administration in 2020, tripped only two of the three thresholds, but will continue to analyze Swiss practices in detail for at least another year. Stated.

The Ministry of Finance, along with 11 countries in China, Japan, South Korea, Germany, Ireland, Italy, India, Malaysia, Singapore and Thailand, has “monitored” Switzerland as a major trading partner worth paying close attention to currency practices. He said he had moved to the list. , And Mexico.

Treasury Secretary Janet Yellen said in a statement attached to the report, “The Treasury is more powerful in benefiting US workers, including through close involvement with key economies on currency-related issues. We are constantly working to promote a balanced global recovery. “

(Report by David Lawder and Andrea Shalal, edited by Dan Burns)



According to the U.S. Treasury, Vietnam and Taiwan have crossed currency thresholds but do not have a manipulator label

Source link According to the U.S. Treasury, Vietnam and Taiwan have crossed currency thresholds but do not have a manipulator label

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