U.S. considers duties on countries that undervalue currency: Commerce Department

Reuters/David Lawder and Makini Brice

“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.”

USAGOLD note:  This rule provides the means for the U.S. government to devalue the dollar against other currencies. If launched, this measure is likely to be viewed as dollar negative/gold positive . . .

Repost from 5-24-2019……….New USAGOLD note:  Forgotten in the clamor of the last several days, but still important.

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