1. A bilateral trade surplus with the US of more than $20 billion
2. A current account surplus of at least 3 per cent of GDP
3. Net purchases of foreign currency of 2 per cent of GDP over 12 months
US Treasury Department has put #India back on its #Currency manipulation watchlist. But why did this happen and what does it mean? What are the implications of being put on the list?@shuchita kumar & @RuchiBhatia file the report. @USTreasury@Finmin@RBIpic.twitter.com/NIsa2VGVRz ET NOW (@ETNOWlive) December 19, 2020
Why India is on US Currency Manipulator List?
India has been put on the monitoring list because it meets two of the three criteria. As per the USDT report, India had a trade surplus with the US worth $22 billion. And India s net purchases of foreign exchange was 2.4 per cent of GDP-over the four quarters through June 2020.
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consumer. i do like the idea that president trump, on like any other president is actually doing something. i liked president bush a lot. president trump has designated china as a currency manipulator, when the other presidents refused to do so, because they are. china is selling us $500 million more than they got from us. the tariffs are trying to level that plainfield, but mainly, to change our business practices, which are way out of line. neil: you re right about that. but i m just wondering if the president is potentially deceiving people into telling people that china is paying for this and not them. the fact of the matter is, if american entities are sucking that up, some passing out to consumers, others not, dominic.
doing something in his interest or the country s interest, he s going to push back. but the federal reserve chairman is thinking about lowering interest rates. that s a good thing. here s the point i m trying to make to you and your viewers. every president before trump complained about china cheating. every democrat has been advocating for us to stand up to china. they are a communist party. they cheat the american workforce. now, trump is doing what everybody said we should do. they are a currency manipulator. trump said they were. neil: senator, always good to have you. thank you for taking the time. lindsey graham. guess what puerto rico is looking at? another storm. guess how soon? possibly tomorrow. along with support, chantix is proven to help you quit. with chantix you can keep smoking at first and ease into quitting so when the day arrives,
what does that say given the drop of the stock market and the u.s. china trade war now. does he have a leg to stand on if he were to lecture u.s. allys? i m not shocked a president facing a reelection campaign wants more venues what he sees as a success in the administration. if i were him, i would go to the g 7 and rally support for the chinese. look, china is a cheat. china has taken advantage of the rest of the world. not just america. they do this all over the world. if the president wanted to stand up to the chinese, he could use this summit to rally support for what he is doing and look, stewart and i worked for mitt romney together in 2012 and mitt romney talked a lot stewart, as you ll recall, about standing up to china, labeling the currency manipulator. trump is executing what republicans have been talking about for years. the next step rally international support and force china to play by the rules.