Saturday, April 15, 2017

Currency Manipulators

To be considered a currency manipulator, the following criteria are observed by administrations: a trade surplus with the U.S of more than 20 billion; a current account surplus totaling more than 3% of its gross domestic product; and repeatedly devaluing its currency by buying foreign assets that equals to 2% of output a year.In October, six countries have been listed as currency manipulators, such as Germany, China, Japan, Korea, Taiwan, and Switzerland the Recently, Trump has not labeled Germany and China as currency manipulators; even though, in his campaign he vowed to label China as a currency manipulator during the start of his presidency. But, with recent issues with North Korea, he does not want to label China as a manipulator, that can potentially diminish China relations, to tackle nuclear activity in North Korea.

Cameron Butler

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