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‘Alienate countries around the world’: Washington pushes ahead with plan to punish ‘currency manipulation’ ...News
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. In addition to China, the rules could put goods from other countries at risk of higher duties. Countries which could be affected include Germany, Ireland, Italy, Japan, Malaysia, Singapore, South Korea, Vietnam, and Switzerland. The
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