US Treasury did not label its trading partners with currency manipulation

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      The Trump administration did not list any of its major trading partners as currency manipulators Tuesday, but found that nine countries, including China, needed to pay close attention. It was time for Washington to push for tariff measures and negotiate a solution to the trade deficit.
In its semi-annual report to Congress, the Treasury Department said it assessed the policies of 21 major U.S. trading partners and found that nine countries, China, Germany, Ireland, Italy, Japan, South Korea, Malaysia, Singapore and Vietnam, needed close attention because of exchange rate practices.
"All major U.S. trading partners do not meet the criteria for exchange rate manipulation identified in 2015," the Treasury statement said.
The Trump government has imposed tariffs on $200 billion worth of Chinese imports to the United States, and has initiated procedures to impose tariffs on another $300 billion worth of Chinese goods.
Negotiations between China and the United States to end trade disputes broke down earlier this month, and the two sides stalled over U.S. demands for China to change its policies to address its main grievances, including the theft of intellectual property rights and subsidies to state-owned enterprises.


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