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Economy

US considers duties on countries that undervalue currency

Commerce department proposal targets China, Japan, South Korea and India

The move marks a step toward making good on a campaign promise by U.S. President Donald Trump to address unfair currency practices.   © Reuters

WASHINGTON (Reuters) -- The U.S. Commerce Department said on Thursday it was proposing a new rule to impose anti-subsidy duties on products from countries that undervalue their currencies against the dollar, another move that could slap higher tariffs on Chinese products.

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