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by gopher2 2508 days ago
Now what?

Is there a legal designation or meaning to currency-manipulator I'm unaware of, or is this basically like the Chinese designating Trump a "name-caller."

1 comments

"The three assessment criteria are: “(1) a significant bilateral trade surplus with the United States is one that is at least $20 billion; (2) a material current account surplus is one that is at least 3 percent of gross domestic product (GDP); and (3) persistent, one-sided intervention occurs when net purchases of foreign currency are conducted repeatedly and total at least 2 percent of an economy’s GDP over a 12-month period.”[1]

https://en.wikipedia.org/wiki/Currency_manipulator

Thanks. TIL this is a real thing. Let the bilateral negotiations begin!
That seems pretty arbitrary to me.
How so? It's just a way to ban competitive devaluations.