Voice of America
17 Dec 2020, 04:05 GMT+10 asiapacificnews.net
The United States has designated Switzerland and Vietnam as currency manipulators for allegedly meddling in foreign exchange markets, sparking disputes with two trading partners.
The countries were labeled as such Wednesday in a U.S. Treasury Department annual report aimed at stopping countries from manipulating their currencies to achieve unfair trade advantages.
It is the first time the U.S. has branded another country as a currency manipulator since August 2019, when China was given the label while engaged in tense trade talks with the U.S.