The United States Treasury Department places Switzerland on a watch list for currency and economic practices.

The United States Treasury Department has placed Switzerland on a watch list for currency and economic practices, along with eight other countries.

Switzerland and the eight other countries have a large trade surplus, according to a report by the US Treasury Department on the United States’ most important trading partners. The report was first reported by Swiss radio and television.

According to the report, Ireland and Switzerland are new additions to the list. Switzerland’s trade surplus with the US increased last year, according to the report. China, Japan, Korea, Taiwan, Singapore, Vietnam and Germany are also listed.

The aim of the ministry is to take action against unfair currency practices. Last year, however, no major US trading partner manipulated the exchange rate of its currency against the US dollar in order to gain a competitive advantage in international trade.

  • Not a replicant@lemmy.worldEnglish
    10·
    2 days ago

    These tariffs are having some funny consequences.

    1. US places tariffs on Australian beef
    2. US has shortage of lean Aussie beef (for those hamburger patties, you know), so demand is still high
    3. Tariffs have the effect of weakening the AUD against the USD
    4. Oz beef is traded in USD
    5. Oz farmers are now earning more for their beef exported to the US
  • Lasherz@lemmy.worldEnglish
    21·
    2 days ago

    Imagine only spending money at your place of employment because to spend it elsewhere would mean there’s a trade deficit with that business. This is as dumb as that.

  • ArgumentativeMonotheist@lemmy.worldEnglish
    7·
    2 days ago

    Why do they even bother with lies and narratives at this point? I’m sure they could just say “we’re bombing X cause they’re meanies” and Americans would clap before enlisting…