Did The Trump Administration Just Announce A Major Currency Escalation?

Did The Trump Administration Just Announce A Major Currency Escalation?

Perhaps unsatisfied with having touched off the first three-week losing streak of the year for US equities, the Trump administration is poised to toss a little more gasoline on the burgeoning dumpster fire. In what certainly sounds like, at the least, a mini-escalation, the Commerce Department on Thursday evening said it intends to "impose countervailing duties on countries that act to undervalue their currency relative to the dollar, resulting in a subsidy to their exports." The announcement
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