Department of Commerce Issues Final Rule for Countervailing Unfair Currency Subsidies

Today, under the leadership of President Donald J. Trump, the U.S. Department of Commerce announced that it has published a final regulation for imposing countervailing duties on products that benefit from unfair currency subsidies which, in turn, cause harm to domestic industries.

“This Currency Rule is an important step in ensuring that unfair trade practices are properly remedied,” said Secretary of Commerce Wilbur Ross. “While successive administrations have balked at countervailing foreign currency subsidies, the Trump Administration is taking action to level the playing field for American businesses and workers.”