US Continues to Monitor Currency Policy, Including Taiwan and Other Countries

The US Department of the Treasury released its semiannual currency policy report on the 5th, listing Taiwan, Japan, South Korea, and mainland China among nine countries under observation. Although China was not marked as a currency manipulator, its currency policy remains insufficiently transparent.
The Central Bank mentioned that Taiwan, although included on the watch list, has had smooth communication channels with the US Treasury for a long time and will continue to exchange opinions on this good foundation in the future. The report noted that while no trading partner was designated as a currency manipulator, the watch list has added Ireland and Switzerland, totaling nine countries including mainland China, Germany, Singapore, Vietnam, Japan, Taiwan, and South Korea.
US Treasury Secretary stated that the US can no longer accept economic policies that create unfair trade relationships, intending to strengthen the consequences of any manipulation and employ all available tools to counter unfair currency practices. Regarding Taiwan's trade data, the report indicated that Taiwan's trade surplus with the US in goods and services reached $74 billion in 2024.
Legislator Wang Hung-wei from the Kuomintang noted that the recent appreciation of the New Taiwan Dollar was influenced by US pressure and emphasized that Taiwan is still on the currency manipulator list.