‘Alienate countries around the world’: Washington pushes ahead with plan to punish ‘currency manipulation’

The US Department of Commerce

The US Department of Commerce has finalized new rules to impose anti-subsidy duties on products from countries that it has determined undervalue their currencies against the dollar.

The rules would target China and allow for new tariffs to be imposed on Beijing, despite the fact that the US Treasury Department last month removed China from its list of currency manipulators as part of the Phase 1 trade deal.

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