U.S Places 10 Countries on Currency Manipulation Watch List
The U.S. Treasury has identified ten countries for monitoring due to concerns about currency manipulation that could affect the competitiveness of American goods and services.
This finding comes from a semiannual report submitted to Congress regarding the macroeconomic and foreign exchange policies of major U.S. trading partners.
During the review period, the Treasury assessed the policies of major trading partners, representing nearly 80% of U.S. foreign trade in goods and services.
US Treasury Secretary Scott Bessent noted that unfair currency practices have negatively impacted the U.S. trade deficit and manufacturing employment over the years.
He emphasised that excessive foreign exchange interventions to artificially lower a currency’s value impose hardships on American workers and businesses.
Aligning with President Trump’s America First Trade Policy, the Treasury is dedicated to monitoring unfair currency practices closely.
It will evaluate whether trading partners engage in foreign exchange interventions or adopt non-market policies that manipulate their currencies for an unfair trade advantage.
According to the Omnibus Trade and Competitiveness Act of 1988, the report concluded that no major U.S. trading partner had manipulated its currency exchange rate with the U.S. dollar for unfair trade advantage during the review period.
However, ten economies have been placed on the Treasury’s “Monitoring List,” which includes China, Japan, Korea, Taiwan, Thailand, Singapore, Vietnam, Germany, Ireland, and Switzerland.
All ten countries were previously included in the January 2026 Report. The U.S. government will continue to analyse these trading partners and address currency practices during notable economic developments.
While China has not been designated as a currency manipulator in this report, the U.S. highlighted concerns about the lack of transparency in China’s exchange rate policies.
This issue could lead to a designation if evidence suggests that China is intervening to resist the appreciation of the RMB in the future. #U.S Places 10 Countries on Currency Manipulation Watch List#
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