Report: White House considering treating currency manipulation as a subsidy

The White House is considering a policy that would treat currency manipulation as an unfair subsidy, which would allow the Commerce Department to institute countervailing subsidy duties in response, according to the Wall Street Journal . The plan is being formulated by the National Trade Council, led by Peter Navarro, who also serves as the assistant to the president and director of trade and industrial policy, the paper reported on Tuesday. The policy would apply to all countries but is...