U.S. Treasury says nine trade partners deserve scrutiny over currency practices

May 28, 2019

WASHINGTON (Reuters) – The Trump administration on Tuesday declined to identify any U.S. trading partners as currency manipulators but did find that nine countries, including China, required close attention as Washington presses tariffs and negotiations to address trade deficits.

The Treasury Department, in a semi-annual report to Congress, said it reviewed the policies of an expanded set of 21 major U.S. trading partners and found that nine required close attention due to currency practices: China, Germany, Ireland, Italy, Japan, South Korea, Malaysia, Singapore, and Vietnam.

“No major U.S. trading partner met the relevant 2015 legislative criteria for enhanced analysis” as a currency manipulator, the department said in a statement.

(Reporting by David Alexander; Editing by Andrea Ricci)

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