HANOI – The United States Treasury has removed Vietnam and Switzerland from the list of countries labelled as currency manipulators, reversing a decision made by former president Donald Trump’s administration last December.
The Vietnam News Agency, citing 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 America’s 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, China is not designated as a currency manipulator. The Trump administration had in 2019 put China on the list during a trade stand-off between the world’s two biggest economies. – Bernama, April 17, 2021
