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flag The U.S. added Thailand to its monitoring list for trade surpluses, kept Taiwan on the list, and found no currency manipulation from late 2024 to mid-2025.

flag The U.S. Treasury added Thailand to its monitoring list of 10 countries with significant trade and current account surpluses, citing growing imbalances with the U.S., while keeping Taiwan on the list due to a large trade surplus and high current account surplus, though neither met all criteria for currency manipulation. flag The report, released January 29, 2026, found no major trading partner engaged in currency manipulation from late 2024 to mid-2025, but expanded scrutiny to include efforts to resist both currency depreciation and appreciation. flag The Treasury emphasized symmetrical assessment of exchange rate interventions and noted Taiwan’s commitment to quarterly disclosure of foreign exchange operations. flag The next report is due in November 2025.

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