Life After the Elections: Trump leaves currency conundrum, tariffs for Biden — Panjiva
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Life After the Elections: Trump leaves currency conundrum, tariffs for Biden

China 2918 Cons. Discr. - Durables 462 Energy - Renewables 167 Info Tech - Tech Hardware 739 Materials - Metals/Mining 713 Switzerland 7 Taiwan 191 U.S. 5260 Vietnam 345

The U.S. Treasury Department has declared Vietnam and Switzerland to be currency manipulators as part of a long-delayed review. Importantly, China is not designated as a manipulator, reducing the risk that President Trump cancels the phase 1 trade deal. In the case of Switzerland, most of the increase in the U.S. trade deficit, which reached $56.8 billion in the 12 months to Oct. 31, has been down to a $26.9 billion increase in the precious metals and gems deficit. A period of consultation required under U.S. law will likely leave President-elect Biden to decide what to do vis-a-vis Swit...

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