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