Commerce plan to address currency devaluation comes under fire

Editor's note: This story has been updated to include a comment from the Committee to Support U.S. Trade Laws. The Commerce Department’s plans to use countervailing duties on trading partners that undervalue their currency relative to the U.S. dollar lack details on implementation and could afford the agency too much power, former government officials say. In May, Commerce introduced a draft rule that would authorize the use of countervailing duties on countries that undervalue their currency relative to the...