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>Treasury uses three criteria to apply the designation: actively intervening in their currency markets, having large trade surpluses with the U.S., and having l
by ptah 7y ago
>Treasury uses three criteria to apply the designation: actively intervening in their currency markets, having large trade surpluses with the U.S., and having large overall current-account surpluses.
Monday’s action by Treasury is mostly symbolic, requiring the U.S. administration to consult with the International Monetary Fund to try to eliminate the unfair advantage the currency measures have given a country.
Does that mean it is only "unfair" if it negatively affects the US? such a definition of "fair" means that no country should be allowed to do better than US
- oblio 7y agoIs there a country of comparable heft that is allowed? Do you remember when Japan was rising? There was definitely a lot of anxiety on the American side.