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rdf:type	schema:NewsArticle
schema:articleBody	The US Treasury on Wednesday accused Switzerland and Vietnam of manipulating their currencies, partly to gain a trade advantage. In the semi-annual foreign exchange report, Treasury found the two countries were intervening in currency markets to affect balance of payments, and in the case of Vietnam, also aimed at "gaining unfair competitive advantage in international trade." US Treasury Secretary Steven Mnuchin called the decision "a strong step ... to safeguard economic growth and opportunity for American workers and businesses." China remains on Treasury's "Monitoring List" of major trading partners that merit close attention to their currency practices, along with Japan, Korea, Germany and others. Treasury added three countries to the list: India, Taiwan and Thailand. The report called on China to "improve transparency" of its exchange rate management, in particular intervention in currency markets. President Donald Trump has repeatedly railed against countries that have trade surpluses with the United States, accusing many of them of using a weaker currency to sell their goods more cheaply at the expense of US producers. The findings in the report do not entail sanctions, but trigger "enhanced bilateral engagement" with each country to urge "development of a plan ... to address the underlying causes of currency undervaluation and external imbalances." Treasury reviewed 20 major US trading partners with bilateral goods trade with the United States of at least $40 billion annually. The criteria are a large trade surplus with the United States, a significant current account surplus, and evidence of "persistent, one-sided intervention" in foreign exchange markets. Switzerland and Vietnam were found to meet all three criteria, the report said. hs/st
schema:headline	US accuses Switzerland, Vietnam of manipulating currency
schema:mentions	Foreign-exchange reserves United States Secretary of the Treasury Steven Mnuchin Exchange rate United States Department of the Treasury Urge (digital music service) Balance of trade Vietnam Currency Switzerland Taiwan South Korea Thailand Germany India United States China President of the United States Donald Trump Transaction account Economy of Japan
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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