Trump administration proposes new rules to punish currency manipulators

Move would let US pursue more aggressive trade policy measures

currency manipulation - web - Getty.jpg
Undervaluing issue: US president Donald Trump has raised concerns about countries artificially lowering currencies

The US government is proposing regulatory amendments that would give it new firepower against countries it thinks are artificially weakening their currencies.

The new trade-policy tool, if enacted, would enable the government to raise tariffs to protect sectors it believes are being harmed by deliberately undervalued foreign currencies.

At the moment, US-based companies can request “countervailing duty” relief if they feel they are being harmed by a foreign subsidy. The US Department of

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