Page 19 - Competitiveness Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

April 16, 2021 On April 16, the U.S. Treasury Department issued its semiannual  Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, the first release during the Biden administration and under Secretary Yellen. In this latest “FX report,” Treasury declined to designate any country for currency “manipulation,” reversing its December 2020 designation of Switzerland and Vietnam. However, it concluded that Switzerland and Vietnam, as well as Taiwan, met three criteria to trigger “enhanced engagement” to “address underlyin...

Dear Chairman Wyden, Chairman Neal, Ranking Member Crapo, and Ranking Member Brady: On behalf of the undersigned taxpayer, free-market, and consumer advocacy organizations, we ask you to prioritize and pass a number of tax relief measures this year that will aid in America’s economic recovery from the COVID-19 pandemic. Pro-growth tax policy that boosts GDP, jobs, and wages should be a legislative priority at any time but has taken on an added importance as policymakers look to help businesses and workers return to the economic gains of the pre-COVID U.S. economy. Specifically, we hope your...

Taipei calls for ‘manipulator’ freeze AMID VIRUS: In its first foreign-exchange policy report, the administration of US President Joe Biden refrained from labeling any economy a currency manipulator Bloomberg and CNA, with staff writer Taiwan’s central bank yesterday urged the US to temporarily ease its monitoring of trading partners for currency manipulation during the ongoing COVID-19 pandemic. The US Department of the Treasury should suspend its three criteria for designating major trading partners “currency manipulators” while the worl...

No major trading partner manipulates currency: US Treasury ​ By IANS | ​ 1 Views US blacklists individuals, entities over Hezbollah links. Image Source: IANS News Washington, April 17 : The US Treasury Department said that no major trading partner of Washington meets the criteria as a currency manipulator, but Vietnam, Switzerland and Taiwan will be under enhanced monitoring for their currency practices. In its semi-annual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the US, the Department on Friday concluded that Vietnam, Switzerland and Taiwan met...

2021-04-17 04:06:07 GMT2021-04-17 12:06:07(Beijing Time) Xinhua English WASHINGTON, April 16 (Xinhua) -- The U.S. Treasury Department on Friday said that no major trading partner of the United States meets the criteria as a currency manipulator, but Vietnam, Switzerland and China's Taiwan will be under enhanced monitoring for their currency practices. In its semiannual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, the Treasury Department concluded that Vietnam, Switzerland and Taiwan met all three criteria for enhanced currency an...