U.S. Spares China From Currency Manipulator Label

U.S. Spares China From Currency Manipulator Label

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The US Treasury Department's latest report did not label China as a currency manipulator, as China did not meet the necessary criteria. The Treasury has lowered the threshold for being on a currency watch list, adding countries like Singapore, Malaysia, Vietnam, and Italy. Despite not naming China a manipulator, the Treasury continues to monitor it closely. The report discusses potential changes in criteria, referencing the 2015 Trade Facilitation Act and the 1988 Omnibus Act. The Trump administration remains focused on addressing currency manipulation, considering tariffs and penalties for countries that subsidize or weaken their currencies.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the reason the US Treasury Department did not label China as a currency manipulator?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What changes did the Treasury Department make regarding the criteria for being on the currency watch list?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Which countries were added to the Treasury Department's monitoring list?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the current administration view the threat of currency manipulation by China?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What actions did the Commerce Department announce regarding countries that subsidize their currencies?

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