The U.S. Department of the Treasury submitted its semiannual report on the macroeconomic and forex policies of America's major trading partners to Congress. In the report, the Treasury reviewed and assessed the policies of America's major trading partners over the four quarters ending in December 2024, which account for approximately 78% of U.S. goods and services trade. The review found that, over the four quarters ending in December 2024, no major trading partner was found to be manipulating the exchange rate between its currency and the dollar. Currently, there are 9 economies on the Treasury's main trading partners "monitoring list," including Japan, South Korea, Singapore, Vietnam, Germany, Ireland, and Switzerland.