This week, the U.S. Commerce Department finalized a new rule that will allow Washington to levy tariffs on countries that it believes are undervaluing their currency, which theoretically makes their exports cheaper and gives them an edge in competition with American-made goods.
U.S. countervailing duties, normally reserved for use against certain imports that are proved to be dumped at below-market prices, could now be slapped on imports from any country that the Commerce Department decides has cheap money.
Read more: Trump Administration Currency Rule Seeks Tariffs Against Undervalued Currencies
U.S. countervailing duties, normally reserved for use against certain imports that are proved to be dumped at below-market prices, could now be slapped on imports from any country that the Commerce Department decides has cheap money.
Read more: Trump Administration Currency Rule Seeks Tariffs Against Undervalued Currencies
