Schemes for Currency Manipulation Spread Worldwide
The Trade Facilitation and Trade Enforcement Act of 2015 calls for the Treasury Secretary to monitor the macroeconomic and currency policies of major trading partners and engage in advanced analysis of these partners if they trigger certain objective criteria that provide insight into possibly unfair currency practices. The Obama Treasury (under Secretary Lew) accordingly established three objective criteria.
First: is the bilateral trade surplus of the given country with the US above $20 billion?
Second: is the current account surplus above 3 percent of GDP?
Third: is foreign exchange intervention persistent and one-sided, cumulating to over 2 percent of GDP over a 12 month period?
https://www.activistpost.com/2018/10/schemes-for-currency-manipulation-spread-worldwide.html
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