Treasury Releases Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States

WASHINGTON – The U.S. Department of the Treasury delivered its semiannual Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. In this Report, Treasury reviewed and assessed the policies of major U.S. trading partners, comprising nearly 80 percent of U.S. foreign trade in goods and services, during the four quarters through December 2025.Secretary of the Treasury Scott Bessent remarked: “For decades, unfair currency practices abroad have contributed to the U.S. trade deficit and the hollowing out of U.S. manufacturing employment. When a trading partner engages excessively in foreign exchange market interventions or other actions to artificially lower the value or suppress appreciation of its currency, it imposes significant hardship on American workers and companies for its own gain.