WASHINGTON (AP) — The U.S. Treasury is removing Vietnam and Switzerland from the list of nations labeled as currency manipulators, reversing a decision made by the Trump administration in December. In its semi-annual report to Congress on currency manipulation, the first under the Biden administration, the U.S. Treasury Department said today that no country currently meets the U.S. criteria as a manipulator. It said, however, that Vietnam, Switzerland, as well as Taiwan, will be under enhanced monitoring. The Treasury did not designate China as a currency manipulator, something the Trump administration had done in 2019 during a tense trade stand-off with the world’s second largest economy.
U.S. Treasury reversing Trump decision
