The Treasury has been prepared to issue its report since about July, the people said, but decided not to for reasons that remain unclear. A Treasury Department spokesperson declined to comment. Under the Trump administration, the Treasury Department’s routine, technical currency policy review has become a political cudgel in trade wars. “But this administration has politicized the currency report in ways not seen in the past.”Switzerland and Vietnam are currently seen at risk to be designated as currency manipulators. The Treasury Department releases a review of nine major trade partners to assess bilateral trade balances and other actions to judge whether they are manipulating their currencies.

Source: The Standard October 24, 2020 05:20 UTC