Branding Vietnam a "currency manipulator" epitomizes what's wrong with the concept - Jason Furman

December 16, 2020, Opinion: "The US Treasury today officially labelled Vietnam as a currency manipulator, a process that will trigger “enhanced bilateral engagement with Vietnam” and could eventually be used to justify countervailing duties against Vietnam. The Vietnamese designation may well have been consistent with the criteria set out in the 2015 law updating the US approach to currency manipulation, but this designation is a substantive mistake when it comes to Vietnam and an illustration of the broader problems with the concept of currency manipulation."