Connect with us

International

Treasury releases report on macroeconomic and foreign exchange policies of major U.S. trading partners

Treasury releases report on macroeconomic and foreign exchange policies of major U.S. trading partners
Treasury releases report on macroeconomic and foreign exchange policies of major U.S. trading partners

 


WASHINGTON The U.S. Treasury Department has delivered its semiannual report to Congress on the macroeconomic and foreign exchange policies of the United States' major trading partners. In this report, Treasury reviewed and assessed the policies of the United States' largest trading partners, which account for approximately 78% of U.S. foreign trade in goods and services, during the four quarters through December 2023.

Pursuant to the Omnibus Trade and Competitiveness Act of 1988, the report analyzes the practices of the United States' major trading partners and concludes that no major trading partner of the United States has manipulated the exchange rate between its currency and the US dollar in order to prevent an efficient balance. payment adjustments or gaining an unfair competitive advantage in international trade in the four quarters through December 2023.

In this report, Treasury found that no major trading partners met the three criteria for in-depth analysis under the Trade Facilitation and Enforcement Act of 2015 during the four quarters ending December 2023 .

The Biden Administration strongly opposes attempts by U.S. trading partners to artificially manipulate currency values ​​in order to gain an unfair advantage over American workers.

Treasury continues to promote policies that support stronger, more balanced global growth that benefits American workers, including through close engagement with major trading partners on currency-related issues, Treasury Secretary Janet said today. L. Yellen.

Seven economies are on the Treasury's watch list of major trading partners that deserve close attention to their monetary practices and macroeconomic policies: China, Japan, Malaysia, Singapore, Taiwan, Vietnam and Germany.

The report also reiterates Treasury's call for increased transparency from China. China's inability to publish its foreign exchange interventions and the broader lack of transparency around key elements of its foreign exchange policy makes China an outlier among major economies and warrants close monitoring by the Treasury.

Today's report is submitted to Congress pursuant to section 3005 of the Omnibus Trade and Competitiveness Act of 1988, 22 USC 5305, and section 701 of the Trade Facilitation and Competitiveness Act. Enforcement of the Commerce Rules of 2015, 19 USC 4421.

Find the full report here.

###

Sources

1/ https://Google.com/

2/ https://home.treasury.gov/news/press-releases/jy2419

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]