-
Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States
Global growth in 2018 has become less even and broad-based than it was amidst the synchronized upswing last year. The United States remains a bright spot in the global economy, with growth having accelerated in the second quarter, but there are signals that economic activity may be slowing in other key regions (the euro area; China) while many emerging markets have come under pressure from rebounding commodity prices, rising interest rates, and shifts in sentiment. The Administration’s economic reform efforts – including tax reform, ongoing regulatory initiatives, and major new trade agreements – are bearing ... (full story)
-
US doesn't call China 'currency manipulator' but keeps it on a watch list with Germany, Japan, others
The Treasury Department refrained from calling China a 'currency manipulator,' a title that's been threatened by multiple U.S. administrations but not used since 1994. In a report released Wednesday, Treasury said it has found no major trading partner met the criteria to be designated as intentionally manipulating its currency. But it kept China on a watch list along with Germany, Japan, Switzerland, Korea and India. "The Treasury Department is working vigorously to ensure that our trading partners dismantle unfair barriers that stand in the way of free, fair, and reciprocal trade. Of particular concern are ... (full story)