The Trump administration finalizes rule that could shift tariff fights to $6 trillion currency market | Markets Insider

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The Trump administration finalizes rule that could shift tariff fights to $6 trillion currency market

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.

 

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