The U.S. Treasury has placed Taiwan and Vietnam on its monitoring list for possible currency manipulation due to the countries exceeding thresholds over the four quarters through December 2021.
The Treasury Department released its semi-annual currency report on Friday (pdf), which assessed the U.S. major trading partners against thresholds that determine whether a country’s exchange rate had been manipulated to gain an unfair advantage in international trade.
It stated that Taiwan and Vietnam exceeded the thresholds of fewer than three criteria established under the 2015 Act over the four quarters through December 2021.
“Though Vietnam and Taiwan no longer meet all three criteria for enhanced analysis, Treasury will continue to conduct an in-depth analysis of these economies’ macroeconomics and exchange rate policies until they do not meet all three criteria under the 2015 Act for at least two consecutive Reports,” it stated….