The US Treasury is hinting at changing the criteria for currency manipulation tests
22 October 2018 01:30 PM
Direct: The US Treasury Secretary, he was ready to change how the United States to determine the countries that is manipulating its currency, a move that could lead to the granting of President Donald Trump the opportunity to label China as a currency exchange Bmtlaab.
"There is a possibility that the 1988 Commercial Code will be used with a broad definition of currency manipulation to determine the country that manipulates its value, even if there were no specific tests under the 2015 law," Stephen Menuchin said in remarks on Sunday, quoting Bloomberg.
"The second option is to change the criteria that help determine whether the state is engaged in a competitive devaluation.
The Treasury Secretary of the world's largest economy said it is likely that on some issues they will discuss whether the tests should be changed or not. "We are always looking for these things."