U.S. Treasury removes forex manipulation label from Switzerland, Vietnam

[Viet]

Published: April 16, 2021 at 9:39 a.m. ET
By Greg Robb
U.S. wants talks with Taiwan on its currency practices

U.S. Treasury Secretary Janet Yellen


The U.S. Treasury Department on Friday removed the foreign-exchange manipulator label from Vietnam and Switzerland that the Trump administration had placed on the two countries in December.

The department said it did not have evidence that Vietnam USDVND and Switzerland CHFUSD were manipulating their currencies, but said they qualified for “enhanced analysis” and would continue to hold bilateral talks.

The department also said Taiwan TWDUSD has met the criteria for enhanced analysis and it would seek to hold bilateral talks about the country’s currency practices.

U.S. Treasury removes forex manipulation label from Switzerland, Vietnam

The U.S. Treasury Department on Friday removed the foreign-exchange manipulator label from Vietnam and Switzerland that the Trump administration had placed...

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[Viva_Viet]

Trump thought he could bring the factories back to US, so he accused VN for money manipulation and hoped some factories would move back to US.

Biden, with support from Obama, is smarter. He realize that US is not suitable for manufacturing base, so it'd better let VN replace CN in manufacturing products exporting to US and US will create jobs by improving its infrastructure.

So, we can expect more investors will quit CN and flee to VN bcs the trade war will get even worse during Biden's terms