The US Department of Commerce announced on May 23 that the ministry is proposing a new regulation on the products of countries that value the local currency lower than the value of the dollar.

said the above regulation will also amend the process of applying common countervailing duties to be able to add new standards for low-priced currency.

President Donald Trump’s officials have long held that China’s yuan (NDT) is undervalued compared to the greenback, even when the trade war between the two countries is thought to be has adversely affected China’s.

In a statement, Commerce Minister Wilbur Ross said the change gave a signal to exporters that the US Department of Commerce could deal with monetary subsidies that Washington deems damaging. for US industries.

He said foreign countries would not be able to apply monetary policies that could be detrimental to US employees and businesses.

In addition, the new regulations related to the imposition of anti-subsidy duties mentioned above may also put goods of other countries such as Japan, Korea, India, Germany and Switzerland at risk. higher tax rates.

These countries, along with China, have all been included in the "watch list" in the US Department of Commerce’s semi-annual currency report.

According to the US Secretary of Commerce, this is a step forward in implementing the commitment of President Donald Trump’s campaign to resolve unfair activities.