On October 17, 2018, the U.S. Department of the Treasury (Treasury) delivered the semiannual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.
The report concluded that six major trading partners merited close attention to their currency practices, including China, Germany, India, Japan, Korea, and Switzerland. The report also concluded that no major trading partner warranted enhanced analysis during the period the report covers.
Five of the major trade partners meet two out of three of the criteria for enhanced analysis:
- Significant bilateral trade surplus with the United States;
-
Material current account surplus;
-
Persistent, one-sided intervention.
The Treasury press release may be found here:
https://home.treasury.gov/news/press-releases/sm528
The report may be found here:
https://home.treasury.gov/system/files/206/2018-10-17-%28Fall-2018-FX%20Report%29.pdf
