US removes Vietnam out of list of currency manipulators
Hanoi, (VNA) - The US Treasury has removed Vietnam and Switzerland
from the list of countries labeled as currency
manipulators, reversing a decision of the administration under President
Trump last December.
The US Treasury said in its semi-annual report on
forex and macro-economic policies of big trade partners of the US to the
Congress on April 16 that no country
currently meets the US criteria as a manipulator. It said Vietnam, Switzerland
and Taiwan will be under enhanced monitoring, which means those countries and
territories will not immediately face US sanctions.
In the report, the first of the Biden administration, China is not designated as a currency manipulator. The Trump administration put China on the list in 2019 during a trade stand-off between the world’s two biggest economies./.