United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2005-04-19 monographic deposited born digital 85 p. GA 1.13:GAO-05-351 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-351 P0b002ee180379b4e f:d05351 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-05-351 machine generated eng fdlp REPORT GAOREPORTS-GAO-05-351 GAO-05-351 Economic indicators Foreign currency exchanges Foreign governments Foreign investments in US International economic relations International trade International trade regulation Macroeconomic analysis Performance measures Reporting requirements China Japan Other Written Product A21979 The 1988 Trade Act requires the Department of the Treasury to annually assess whether countries manipulate their currencies for trade advantage and to report semiannually on specific aspects of exchange rate policy. Some observers have been concerned that China and Japan may have maintained undervalued currencies, with adverse U.S. impacts, which has brought increased attention to Treasury's assessments. In 2004, Congress mandated that Treasury provide additional information about currency manipulation assessments, and Treasury issued its report in March 2005. Members of Congress have continued to propose legislation to address China currency issues. We examined (1) Treasury's process for conducting its assessments and recent results, particularly for China and Japan; (2) the extent to which Treasury has met legislative reporting requirements; (3) experts' views on whether or by how much China's currency is undervalued; and (4) the implications of a revaluation of China's currency for the United States. In commenting on a draft of this report, Treasury emphasized it does consider the impact of the exchange rate on the economy, and factors influencing exchange rates also affect U.S. production and competitiveness. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-351/html/GAOREPORTS-GAO-05-351.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-351/pdf/GAOREPORTS-GAO-05-351.pdf GAO-05-351 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-351 Other Written Product GAO-05-351; International Trade: Treasury Assessments Have Not Found Currency Manipulation, but Concerns about Exchange Rates Continue; Economic indicators Foreign currency exchanges Foreign governments Foreign investments in US International economic relations International trade International trade regulation Macroeconomic analysis Performance measures Reporting requirements China Japan Volume 102 Page 1372 102 Stat. 1372 Volume 118 Page 3242 118 Stat. 3242 Public Law 100-418