[Photo] S. Korea remains on US Treasury’s watchlist along with China, Japan, and Germany; China still not labeled as currency manipulator

In its semi-annual foreign exchange report to Congress, the US Treasury Department kept South Korea on its watchlist for monitoring the currency practices of trade partners. The watchlist names eight other countries, including China, Japan, and Germany. However, the US Treasury refrained from labeling China as a "currency manipulator" amid the current US-China trade war. The Trump administration has targeted what it deems unfair currency practices among its trading partners, seeking to pose tariffs on goods from countries whose currencies are found to be undervalued. The photo shows shipping containers at the port of Busan. (Hankyoreh archives)