U.S. Proposes Tariffs on Nations With Undervalued Currencies
- American companies may be able to seek anti-subsidy tariffs
- Trump has threatened to name China a currency manipulator
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The Trump administration is proposing tariffs on goods from countries found to have undervalued currencies, in a move that would further escalate its assault on global trading rules.
The proposal, laid out in a Federal Register notice released on Thursday, 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.