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US calls Switzerland, Vietnam currency manipulators in Trump trade shot - Vimarsana News

US calls Switzerland, Vietnam currency manipulators in Trump trade shot

The Trump administration labeled Switzerland and Vietnam currency manipulators on Wednesday, in another parting shot at trading partners that could complicate matters for US President-elect Joe Biden's incoming team. In a long-overdue report, the US Treasury also added India, Thailand and Taiwan to a list of countries it says may be deliberately devaluing their currencies against the dollar. The COVID-19 pandemic has skewed trade flows and widened US deficits with trading partners, an irritant to outgoing President Donald Trump, who won office four years ago partly on a promise to close the U...

UPDATE 4-U.S. calls Switzerland, Vietnam currency manipulators in Trump trade shot - Vimarsana News

UPDATE 4-U.S. calls Switzerland, Vietnam currency manipulators in Trump trade shot

17 Dec 2020 / 09:40 H. * U.S. Treasury to seek talks with Switzerland, Vietnam * Swiss National Bank says move will not alter FX policies * Move could be reversed by Biden's Treasury nominee * Treasury adds India, Taiwan, Thailand to watch list (Adds source on possible Vietnam tariffs, Taiwan official comment) By David Lawder WASHINGTON, Dec 16 (Reuters) - The Trump administration labeled Switzerland and Vietnam currency manipulators on Wednesday, in another parting shot at trading partners that could complicate matters for U.S. President-elect Joe Biden's incoming team. In a long-overdue re...

Thailand among countries at risk in US Treasury's currency report - Vimarsana News

Thailand among countries at risk in US Treasury's currency report

Thailand among countries at risk in US Treasury's currency report 18 published : 16 Dec 2020 at 14:25 18 An exterior view of the building of US Department of the Treasury is seen in Washington, DC on March 27, 2020. (AFP file photo) WASHINGTON: Thailand is among several countries the US Treasury could label currency manipulators before President Donald Trump leaves office, analysts say, as the coronavirus pandemic skews trade flows and widens US deficits with trading partners. Currency experts say Vietnam, Taiwan and Switzerland also risk ...

U.S. calls Switzerland, Vietnam manipulators in Trump trade shot - Vimarsana News

U.S. calls Switzerland, Vietnam manipulators in Trump trade shot

U.S. calls Switzerland, Vietnam currency manipulators in Trump trade shot By David Lawder FILE PHOTO: Stacks of Swiss franc Euro and U.S. dollar banknotes are displayed in a bank in Bern WASHINGTON (Reuters) – The Trump administration labeled Switzerland and Vietnam currency manipulators on Wednesday, in another parting shot at trading partners that could complicate matters for U.S. President-elect Joe Biden’s incoming team. In a long-overdue report, the U.S. Treasury also added India, Thailand and Taiwan to a list of trading partners it says may be deliberately devaluing thei...

Source: metro.us
Asian countries, Switzerland at risk in US Treasury's currency report - Vimarsana News

Asian countries, Switzerland at risk in US Treasury's currency report

GLOBAL BUSINESS Reuters, Washington Reuters, Washington The US Treasury could label several countries currency manipulators before President Donald Trump leaves office, analysts say, as the coronavirus pandemic skews trade flows and widens US deficits with trading partners. Currency experts say Vietnam, Thailand, Taiwan and Switzerland all risk being found in violation of the three US criteria for currency manipulation in the Treasury Department's long-delayed report on the foreign exchange practices of major trading partners. They expect the report...