“It is possible that Taiwan might be listed as a manipulator,” Yang told lawmakers in Taipei as he delivered a report. However, Yang said that the US’ criteria for labeling another economy a currency manipulator are no longer suitable, as the global economy has changed over the past year. “If they want to reduce our trade surplus with them, then we could just stop selling them our chips,” he told lawmakers. Taiwan was added to the currency watch list in the latest US report in December last year, but was not listed a currency manipulator. Being designated a currency manipulator requires the US to engage with the perceived offender to address the imbalance.

Source: Taipei Times March 11, 2021 15:56 UTC