More on the US to impose tariffs on countries that undervalue their currencies

Author: Eamonn Sheridan | Category: News

Here is the piece with the headlines from a little while ago:  US Commerce dept proposes imposing duties on countries that undervalue their currencies relative to the USD

And I didn't point the finger at China. Not once. Ok then, yeah I did. 

Bloomberg have a little more:
  • proposal would let U.S.-based companies seek anti-subsidy tariffs on products from countries found by the U.S. Treasury Department to be engaging in competitive devaluation of their currencies
  • Currently no country in the world meets that criteria. But it also sets a broader standard by focusing on the "undervaluation" of currencies. 
  • President Donald Trump has long threatened to label China a currency manipulator, and his administration has been examining how to take a more aggressive approach 

Here is the piece with the headlines from a little while ago:  US Commerce dept proposes imposing duties on countries that undervalue their currencies relative to the USD

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