US Treasury Avoids Labeling China a Currency Manipulator While Criticizing Transparency
TL;DR Summary
The US Treasury's semiannual report assesses the macroeconomic and foreign exchange policies of major US trading partners, concluding that none manipulated their currencies to gain unfair trade advantages during 2024, while highlighting concerns about transparency, especially with China, and emphasizing ongoing vigilance and potential countermeasures against unfair currency practices.
Topics:business#currency-manipulation#economy#macroeconomic-policies#major-trading-partners#trade-deficit#us-treasury
- Treasury Releases Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States U.S. Department of the Treasury (.gov)
- US Refrains From Using Currency Manipulator Tag, Blasts China Bloomberg.com
- US declines to label China a currency manipulator, but blasts its transparency policies AP News
- Treasury to Double Down on Currency Manipulation, Issues Warning for China Barron's
- US avoids currency manipulator label for China, but slams lack of transparency South China Morning Post
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