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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, opening a potential new front in ongoing economic disputes. 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 Register document published Tuesday, and will take effect April 6. In a statement Monday evening, Commerce Secretary Wilbur Ross hailed it as "an important step" to remedy a system he ... (full story)