The Trump administration has finalized a controversial rule that would allow the US to hit alleged currency manipulators with tariffs.
Under the new regulation, anti-subsidy tariffs can be levied against foreign competitors accused of undervaluing their currencies against the dollar. The rule targets products found to unfairly benefit from devaluation, according to a Federal RegisterIn a statement Monday evening, Commerce Secretary Wilbur Ross hailed it as"an important step" to remedy a system he said put the US at a disadvantage.
ETTD
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