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Three Democrats urge Trump to support legislation making currency manipulation a subsidy

February 17, 2017 at 4:39 PM
Three Democrats are calling on President Trump to support legislation that would direct the Commerce Department to treat currency manipulation as an export subsidy, allowing it to issue countervailing duties in trade remedy cases. In a Feb. 17 letter , signed by former Ways & Means ranking Member Sandy Levin (D-MI), trade subcommittee ranking member Bill Pascrell (D-NJ) and Rep. Tim Ryan (D-OH), the three note reports that the Trump administration is considering the move as part of a broader...

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