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Trade war

US targets China with new currency tariff proposal

Undervalued yuan would be treated as a subsidy

The new U.S. rule would make it harder for China to offset the impact of previous tariffs by undervaluing its currency.   © Reuters

WASHINGTON -- The U.S. has begun to consider new tariffs that will be imposed on imports from nations that devalue their currencies, a move that is seen as aimed at China but could also ensnare other countries like Japan.

The Commerce Department said Thursday that it was looking into allowing anti-subsidy tariffs for imports from countries that undervalue their currencies against the dollar.

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