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 about 78 percent of U.S. foreign trade in goods and services, during the four quarters through December 2024.For decades, unfair currency practices abroad have contributed to the U.S. trade deficit and hollowed out U.S. manufacturing employment. The Trump Administration has been clear that we will no longer accept persistent trade deficits and, thanks to President Trump’s strong leadership, we are beginning to see changes in some of our trading partners’ policies that could reverse these deficits.