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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.

The new rule also could put goods from other countries at risk of higher tariffs, including Japan, South Korea, India, Germany and Switzerland.

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