Thailand still on watch list as Biden administration signals more tolerant approach
(Reuters Photo)
The United States refrained from designating any trading partner as a currency manipulator in the first foreign-exchange policy report of the Biden administration, even though Switzerland, Taiwan and Vietnam met thresholds for the label.
Thailand is one of 11 countries that remain on a watchlist, meaning they met two of three criteria for currency manipulation that could put the US at a trade disadvantage.
The Treasury Department said in a report released on Friday that Switzerland, Taiwan and Vietnam met criteria for the manipulator label, including a large trade surplus with the US. But it said there was…
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